News | Motoring
22 Nov 2017 18:18
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Olympic Games
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Motoring

    Fuel tax comes as tide turns on user-pays

    A regional petrol tax for Auckland comes amid a global change in the air for user-pays funding for major projects.


    A regional petrol tax to help fund Auckland city's transport infrastructure comes amid a global change in the air for user-pays funding for major projects, provided the benefits stack up for those footing the bill.

    US president Donald Trump is reportedly toying with the idea of hiking fuel taxes as a means to fund his promised US$1 trillion of infrastructure investment.

    That would end a 24-year freeze on US petrol taxes and marks "a massive shift" for user-pays funding models, says KPMG's Americas and India head of global infrastructure Stephen Beatty.

    "It will send a signal to all politicians it is possible to raise charges as long as you're prepared to provide something to the people that you are charging," Mr Beatty told Infrastructure New Zealand's building nations symposium in Wellington on Friday.

    "I would urge everybody in the room to turn to the new government and say 'don't apologise but make sure you deliver benefits at the same time'."

    Both major political parties made big-spending infrastructure promises in the lead-up to the September election to meet New Zealand's expanding population, which has seen a shortfall of housing drive up property prices and increase traffic congestion, while at the same time local authorities are hamstrung in their ability to pay for upgrades to municipal infrastructure.

    Mr Beatty told the conference that the big questions for policymakers to answer is to do with funding projects.

    "It's not about financing, it's about funding. Does the base business case actually work?" he said.

    KPMG New Zealand's Jesse Phillips told the conference that local authorities, in particular, had limited options in funding municipal infrastructure and new tools are needed to put the deep pools of capital available to pay for that work.


    NZN




    © 2017 NZN, NZCity


     Other Motoring News
     21 Nov: Kabul to Calais: A 13-year-old's dangerous attempt to reach a new life in London
     20 Nov: Rohingya refugee on Nauru injured in motorcycle crash
     19 Nov: Road toll prompts minister to call meeting
     19 Nov: Fatal crash at Fernhill in Hawke's Bay
     17 Nov: Man charged over Ohingaiti crash
     16 Nov: Worker loses eye in grinder accident
     16 Nov: Capital's commuter chaos avoided
     Top Stories

    RUGBY RUGBY
    All Black Barrett leaps to his own defence More...


    BUSINESS BUSINESS
    West Coast coal mine gets council consent More...



     Today's News

    Rugby League:
    England shaping well for Cup semi-final 18:07

    Entertainment:
    Serena Williams and Alexis Ohanian's wedding was an "intimate" affair 17:50

    Law and Order:
    Woman's body discovered in Christchurch 17:47

    Entertainment:
    Khloé Kardashian feels "truly blessed" to have Tristan Thompson in her life 17:20

    Law and Order:
    Police kidnap trial jury breaks for night 17:17

    Soccer:
    Muscat enjoying A-League mini-break 16:57

    Entertainment:
    Joe Manganiello had the "most incredible adventure" of his life in Iceland 16:50

    Entertainment:
    Della Reese has died aged 86 16:20

    Law and Order:
    Police file documents to re-try Rewa 16:17

    Environment:
    Why your vaginal microbiome (like your gut) is important 16:07


     News Search






    Power Search


    © 2017 New Zealand City Ltd