Rimu4d ago

$22 billion on just one 95km road ($232 million per km)

(everyone knows roading budgets usually blow out - the total final cost of Transmission Gully appears to be $2.5bn – double the projected cost of $1.25bn).

$22,000,000,000 on just one road? - Greater Auckland

Last year, I posted about the challenges I faced, trying to daylight public-interest information about the government’s Roads of National Significance programme. As I wrote then, The paper also suggests the government’s plan was to commit to this PPP without … Continued

Greater Auckland
Show threadDave3d ago

How many years of free public transport would $22B buy?

I recall the 50% price cut during COVID (for the whole country) cost the government a few hundred million for a year. This was during COVID so it didn’t get higher uptake, but let’s assume there was a higher uptake and make it $500M for 50% off per year, or 1B for free public transport per year.

We could have free public transport for everyone for 22 years for the price of this one road.

Show threaddeadbeef79000
It buys a hell of a lot of post-parliamentary corporate directorships.
8:10pmWeb
Show threadDave2h ago
We really need a better way of managing this risk. I don’t have any suggestions but the blatant bribery is a pretty big problem to democracy.