Local Government New Zealand (LGNZ) welcomes the announcement a $13.9 billion investment partnership in New Zealand’s land transport system over the next three years.

The 2015-2018 National Land Transfer Plan (NLTP) is a true partnership between local authorities who invest local funding on behalf of ratepayers and the NZ Transport Agency which invests national funding from taxes, charges and fees through the National Land Transport Fund (NLTF). The $13.9 billion investment includes $2.72 billion from local government, with $10.5 billion from the NLTF and the remainder from the Crown.

The plan incorporates an update of Funding Assistance Rates and the establishment of the One Road Classification system, two key developments for better transport investment and decision making.

LGNZ President Lawrence Yule says the NZ Transport Agency’s continuing coordination with local government to improve the quantity and quality of investment in transport networks is exciting to see. 

“LGNZ believes that this will support local economic productivity and ultimately improved regional and national prosperity,” says Mr Yule.

The preparation of the 2015-18 NLTP has been informed by 16 regional transport committees and Auckland Transport developing and submitting regional land transport programmes outlining activities to be prioritised for NLTP funding.

The $13.9 billion investment marks a 15 per cent increase compared to the 2012-15 NLTP.