Auckland transport agency squeezed for funds
Auckland's transport agency is facing a multi-million-dollar funding gap as it prepares to take on major new projects.
The agency, which is responsible for public transport and roading, is to get $32 million less next year from the Auckland Council and the New Zealand Transport Agency.
Members of the super city's transport board say the squeeze is the biggest issue it faces.
The agency says that, as well as having reduced funding, longer-term plans don't cover major costs such as new electric trains or a proposed underground rail link.
Much of the agency's funding hangs on the setting of this year's rates by the Auckland Council, and it will write to the council outlining its concerns.
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