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Transport industry disappointed taxes are sole funding for Labour's infrastructure plan

Author
Newstalk ZB,
Publish Date
Fri, 18 Aug 2023, 7:48am
Photo / File
Photo / File

Transport industry disappointed taxes are sole funding for Labour's infrastructure plan

Author
Newstalk ZB,
Publish Date
Fri, 18 Aug 2023, 7:48am

Mixed feedback for the Government's three-year transport budget.

It's proposing a 12 cent fuel tax rise, to fund more than $20 billion of infrastructure, road maintenance, upgrades and public transport.

National Road Carriers spokesperson, James Smith told Mike Hosking it's great to acknowledge infrastructure needs, but disappointing taxes are being used as the sole funding solution.

He believes greater use of toll roads, and value capture has to be looked at.

Value capture occurs when industries who receive direct benefits from new or improved infrastructure, help fund its construction.

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