Treasury questioned urgency, raised 'significant concerns' about $1b transport fund changes

Part of the $1b fund is now being put towards removing level rail crossings in Auckland. (Image: NZME)

Thu, 15 May 2025

The Treasury raised significant concerns about a proposal from the transport minister to repurpose a $1 billion transport fund, warning it could lock the Government into substantial future fiscal risks.In Budget 2024, the Government established the $1b contingency to accelerate the roads of national significance (Rons) programme and major public transport projects, specifically the northwest rapid transit project in Auckland.As BusinessDesk reported last year, Treasury opposed the initiative, noting it only had an hour to review information pro...

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