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Tizard welcomes regional fuel levy
07.10.2008
Auckland Central MP Judith Tizard has welcomed the announcement that a range of significant Auckland transport projects, such as Auckland passenger rail electrification, have been given the green light by government's decision to approve Auckland's regional fuel levy scheme.
"It is great to see that these important projects, that are so vital for Auckland's future, have got the go ahead," said Judith Tizard.
Funds will also go to improving Auckland's ferry terminals, developing an integrated public transport ticketing system, and constructing a new road linking the Whangaparaoa Peninsula to State Highway 1 at Redvale (Penlink)
Judith Tizard was pleased that much of this new funding is being used to deliver projects that work for the people living around them as well as having clear environmental and economic benefits.
The regional fuel levy is levied on petrol and diesel at a regional level. The levy is an additional funding tool available to regions for high priority transport capital projects that will not reasonably be funded from any other source in the timeframe desired by the region.
"In the Auckland region the levy on petrol and diesel will be phased in over three years, starting with 2 cents per litre of fuel from July 2009, 5 cents from July 2010 and 9.5 cents from July 2011 through to 2039," said Judith Tizard.
The levy is expected to raise around $110 million a year once the full 9.5 cent levy is being collected.
"The Labour-led government is already forecast to provide more than a billion dollars in Auckland land transport infrastructure this year, but this levy will see other high priority transport projects of the Auckland region realised much faster than they could have been otherwise," said Judith Tizard.


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