Auckland has a $4 billion funding shortfall needed for infrastructure, transport and services in the next decade, Mayor Phil Goff says.
At a Property Council breakfast last week, he told of the growth strains on the city and its desperate need for another $4b in the next 10 years.
Under the Auckland Transport Alignment Project, an estimated $24b dollars is needed for minimum infrastructure, transport, and services over the next 10 years, but there is a $4 billion-dollar shortfall in funding, he said.
"Auckland Council would need to come up with at least $200 million a year to meet the shortfall. I'm not going to ask ratepayers to shoulder that burden, it's not viable nor is it equitable," Goff said.
"We are looking at unprecedented population growth in Auckland and our infrastructure is not matching the pace of that growth. We have under invested in infrastructure for the past 30 years.