Wellington Businesses Welcome Transmission Gully Milestone
Date Added: 21st November 2012 from Wellington Chamber of Commerce
The Wellington Employers' Chamber of Commerce has welcomed the government’s decision to allow a public private partnership to fund Transmission Gully.
“Today’s funding announcement gives more certainty to a roading project that the Wellington business community has been crying out for over many years,” said Chamber President Richard Stone.
“Transmission Gully is a strategically important route both nationally and regionally. As well as easing peak-hour congestion and saving time on the commute to Wellington, it will bring the region closer together and improve linkages between the Hutt and the coast.
“It is very pleasing to note that the government has confirmed that construction will begin 2014 and the road will be opened by 2020.
“This will be the New Zealand Transport Agency’s first roading PPP. Because of its size, Transmission Gully is an ideal project for such a funding mechanism. It will fee up funds for other infrastructure investment.
“We are also pleased that NZTA has been asked to investigate the merits of tolling the road. If New Zealand is to address its infrastructure deficit such funding mechanisms need to be pursued.
“The Chamber has been a major proponent of Transmission Gully right from the outset and this is another significant milestone in this long awaited development,” Mr Stone concluded.
For more information contact Richard Stone on 021 655 994