NZTA highlights funding 'gap' for state highway renewals

NZTA highlights funding 'gap' for state highway renewals
Renewals spending on the state highway network hasn't kept pace with depreciation. (Image: NZME)
Oliver Lewis
Despite increased funding, the New Zealand Transport Agency Waka Kotahi says in recent years, there was a $1.08 billion gap between depreciation and renewals spending on the highway network.The agency (NZTA) included the figure, from 2018-21, in written responses to the transport and infrastructure select committee, which held an annual review for the agency on Monday.“Over the past ten years, annual renewal expenditure across the total asset stock has been approximately half the annual depreciation expense,” NZTA said.“In gen...

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