For most of us, New Year's resolutions have already become a distant memory. But if there's one resolution Aucklanders should commit to this year, it's finding answers to funding the transport improvements our city desperately needs.
Auckland is growing by 25,000 residents each year. By 2041, we'll need 400,000 more homes with associated infrastructure to support growth equivalent to a city the size of Christchurch.
With that scale of growth, bad road congestion and inadequate public transport today will become a full-blown crisis tomorrow if we carry on as we have. We need to spend a lot of money just to stop going backwards let alone make improvements to travel times and increase the proportion of public transport use.
Aucklanders know full well that our transport challenges are the result of decades of neglect and underspending. A key reason we have a mounting transport infrastructure deficit is that the pay-as-we-go system cannot generate enough revenue for the large-scale investment required.
The pressure on existing funding will continue to grow as construction costs increase and fuel tax revenues decline with more fuel-efficient vehicles. The constraints in expanding network capacity will become even more difficult and expensive to overcome. Just to keep up with the predicted growth in population - to 2.16 million people by 2041 - we need an additional $10 billion to $15 billion investment in transport over what we have available from road user charges and rates over the next two decades.