Road Torque News
More Money for Ruapehu Regional Roads
Posted: 05-May-2018 |
The NZ Transport Agency (NZTA) has confirmed it will be investing more money into Ruapehu roads.
The Ruapehu region's funding assistance rate (FAR), which sets the Government's level of investment in local road network maintenance and renewal, will increase from 67 percent to 73 percent from July 1.
The funding will allow Ruapehu District Council (RDC) to get on top of outstanding repair and maintenance issues.
Ruapehu land transport manager Warren Furner said the increase was great news.
"Council is now able to increase investment in Ruapehu's road network without adding to rates. We anticipate that a 72 percent FAR will allow the council to increase the total road budget by $2 million per annum and the bridge improvement and renewal budget to $9.8m over the next 10 years," says Furner
Land transport will be the RDC's largest expenditure in 2018/19 at a planned 42 percent of total spending and is a key enabler in Ruapehu's economic and social development objectives.
"Ruapehu has always argued that we need our FAR set at the highest possible level if we are to maximise our contribution to New Zealand's growth agenda," he said.
Furner said the challenge now is to work with contractor partners and ensure they are adequately resourced to deliver in line with the increased investment in the network.
"The pressure on contractor resources for equipment and skilled people is a nationwide issue," he said.
"The increase in our FAR support should, however, assist our contractors to invest in new resources with more confidence and security supported by council contracts."