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28 February, 2002
The Existing Funding SystemFact Sheet ThreeGovernment expenditure on state highways, local roads, traffic enforcement, alternatives to roads, road safety, passenger transport, walking and cycling is funded from the National Roads Fund (NRF), a dedicated part of the Crown Account.The NRF currently provides some $1.3 billion (including GST) of government land transport funding. Transfund New Zealand is responsible for making funding allocations to land transport and Transit New Zealand is responsible for submitting proposed projects for Transfund's consideration. The boards of both agencies are statutorily independent from the Minister. The government can only issue general policy directions to these agencies. As a result of the proposed changes, the Minister will be able to give Transfund more guidance on the government's general priorities but will still not have the power to make decisions on individual projects. The NRF will be renamed the National Land Transport Fund (NLTF) to reflect the shift in focus to a more balanced mix of land transport options. A chart showing 2001-02 Land Transport Funding Estimates follows. 2001-02 Land Transport Funding - before the changes (including G.S.T.)
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