Browsing: Transport

Finance
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A regional fuel tax will be nothing more than a stop gap measure to start funding Auckland’s much needed road infrastructure up-grade, according to the National Road Carriers Association “It is only going to raise a small part of the funding needed,” NRC CEO David Aitken believes. Continue →
Transport
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The nation’s leading road transport organisation wants to see the benefits of the government’s proposed nationwide fuel tax but warns it will have consequences “We realise more investment is needed in transport infrastructure, but it is a case of what the priorities are,” says National Road Carriers Association CEO David Aitken. Continue →
Australia
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More than $55 billion of priority infrastructure is needed to shape Australia’s cities and regions in the next 15 years, according to the latest Infrastructure Australia report Australia’s population is expected to grow nearly 12 million people by 2047, with an expected population growth of nearly 12 million people by 2047, transit projects have been listed as a priority in the government agency’s report. Continue →
Finance
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Driverless cars will eventually dominate the world’s roads but widespread adoption isn’t imminent and there continue to be opportunities for investors in the road sector, according to AMP Capital’s Global Listed Infrastructure team In a paper entitled Autonomous vehicles: the real opportunity that lies ahead for investors, AMP Capital notes while driverless cars will eventually help solve traffic congestion issues in densely populated urban areas, more varied solutions are likely to be required in the medium term and both will require significant infrastructure investment. Continue →
Transport
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Degradation of bridges caused by many different factors, including corrosion and other stresses from both the environment and heavy vehicles passing over them, costs millions of dollars annually The yearly cost of asset maintenance in Australia alone is estimated to be approximately A$32 billion. Continue →
Transport
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KiwiRail is reaping the benefits of an innovative growth strategy for its forestry business designed to make the best use of its wagon fleet Its latest financial result shows an 8% revenue increase in its overall forestry business in just the six months to December, driven by strong growth in the volume of logs. Continue →
Environment
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New Zealand could build a renewable low-carbon transport fuels industry – but only if the nation decides to act, according to a new report from Scion Nearly a quarter of the country’s greenhouse gas emissions were from combustible fuels in 2015, so the report suggests biofuels could have a major impact on overall reduction of New Zealand’s carbon emissions. Continue →
Transport
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KiwiRail has posted a positive half year result with an operating surplus 39% ahead of the previous year, despite a challenging six months Chairman Trevor Janes says the revenue impacts from 2016’s Kaikoura earthquake and the ongoing effects of a legacy of underinvestment in the organisation had required a strong focus by the business on customer growth opportunities. Continue →
Transport
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Global design firm Stantec is strengthening its New Zealand and Australia-based capabilities with the planned acquisition in April of Wellington-based consulting transportation engineering firm, Traffic Design Group (TDG) With more than 80 team members, TDG has offices located in markets throughout New Zealand, including Auckland, Tauranga, Hamilton, Napier, Wellington, Nelson, and Christchurch as well an office in Sydney, Australia. Continue →
Construction
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The McConnell-Dowell Downer team has recharged its batteries from 2017 and is continuing to progress the City Rail Link twin-tunnel underground rail link The Connectus joint venture team is delivering Contract 2 for City Rail Link Limited (CRL), which is creating a 3.45km twin-tunnel rail link up to 42 metres below Auckland’s city centre. Continue →
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