Options for the reform of roading in New Zealand

CS First Boston New Zealand Ltd
New Zealand Business Roundtable
1 June, 1993

The 93,000 kilometre roading network is one of the New Zealand’s most expensive assets. In the absence of any official estimate, informed observers put its depreciated replacement cost at around $60 billion. This figure is nearly half the value of the nation’s dwellings and is around 81% of GDP. The 11,000 kilometre state highway network was officially valued, on a depreciated replacement cost basic, at $7 billion in the Crowns December 1992 Financial Statement.

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