Latest / The Kākā by Bernard Hickey
How $45b of tunnels could actually cost $65b+
TL;DR: Labour PM Chris Hipkins yesterday revealed cross-harbour transport projects that could cost up to $45 billion in the decades to come, but he wants road tunnels built first, which will increase climate emissions for decades to come.
The projected cost also ignores a climate emissions credits bill that add well over $20 billion to the real cost to taxpayers because Auckland’s higher transport emissions will be a driving factor in Aotearoa failing to meet our Paris climate agreement committments by 2030. Treasury has forecast the Crown could have to pay well over $20 billion to buy…
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