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THE PUBLIC FINANCE DEBATES: “It’s time…New Zealand extended charging for public infrastructure”

THE PUBLIC FINANCE DEBATES: “It’s time…New Zealand extended charging for public infrastructure” Proponent: Geoff Cooper. Rationing by queues. The VUW-GEN Public Finance Debates November 12, 2013. 1. Raising revenue. The VUW-GEN Public Finance Debates November 12, 2013.

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THE PUBLIC FINANCE DEBATES: “It’s time…New Zealand extended charging for public infrastructure”

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  1. THE PUBLIC FINANCE DEBATES: “It’s time…New Zealand extended charging for public infrastructure” Proponent: Geoff Cooper

  2. Rationing by queues The VUW-GEN Public Finance Debates November 12, 2013

  3. 1. Raising revenue The VUW-GEN Public Finance Debates November 12, 2013

  4. 2. Economic Efficiency The VUW-GEN Public Finance Debates November 12, 2013

  5. Fix the fiscal envelope The VUW-GEN Public Finance Debates November 12, 2013

  6. Rise of the city Population growth, largest New Zealand regions The VUW-GEN Public Finance Debates November 12, 2013

  7. Congestion vs Auckland Current network 2041 – fully funded transport programme The VUW-GEN Public Finance Debates November 12, 2013

  8. City centre Travel Speeds Current average speed: 17km/hour2021 average speed: 8km/hour The VUW-GEN Public Finance Debates November 12, 2013

  9. The marginal external cost of motoring Completely ineffective The VUW-GEN Public Finance Debates November 12, 2013

  10. The VUW-GEN Public Finance Debates November 12, 2013

  11. Road pricing will release the potential of car pooling The VUW-GEN Public Finance Debates November 12, 2013

  12. Road Pricing Cost benefit analysis Milan €16m p.a Copenhagen $36m p.a Ministry of Transport: Single Cordon: 1.3-3.4 Double Cordon: 1.3-3.5 Area Charge: 1.1-3.0 Auckland Council: Single Cordon: 1.1 Motorway Network: 1.1 London £129m p.a Stockholm €16m p.a • Seattle $20m p.a The VUW-GEN Public Finance Debates November 12, 2013

  13. The $5 billion question Do we need a second harbour bridge or will road pricing do? The VUW-GEN Public Finance Debates November 12, 2013

  14. Annual flow - Current and proposed harbour crossing The VUW-GEN Public Finance Debates November 12, 2013

  15. The current funding system is not sustainable anyway The VUW-GEN Public Finance Debates November 12, 2013

  16. The VUW-GEN Public Finance Debates November 12, 2013

  17. Road pricing need not be regressive The VUW-GEN Public Finance Debates November 12, 2013

  18. Road pricing • Improve urban travel times • Free up New Zealand’s most productive employment areas. • Take advantage of spare capacity through car pooling • Positive cost benefit ratio • Sustainable system of revenue collection • Less regressive than the current system • More efficient - charge people who are creating costs • Avoid unnecessary infrastructure costs The VUW-GEN Public Finance Debates November 12, 2013

  19. Is road pricing really that different to pricing bread? The VUW-GEN Public Finance Debates November 12, 2013

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