The Government is expecting Auckland to spend $30 billion on infrastructure over the next ten years — over half of the total local Government infrastructure spend over the same period, and almost as much as central Government will spend.
Of the $30 billion, $8.5 billion will be on roads; $2.8 billion on rail and $2.5 billion on fresh water, storm water and sewage.
The figures are contained in Treasury’s annual National Infrastructure Report which was released on Friday.
Finance Minister Bill English says of the 3823 projects in the 2016-2025 pipeline, 219 belong to central government and are valued at $40.5 billion, 3559 belong to local government and are valued at $51.1 billion, and 45 projects belong to the private sector at a value of $9.2 billion.
This year’s Auckland figures are up over seven per cent on last year.
Hands up those who are expecting 2% rates rises under Phil? Read more »