Thursday, August 19, 2010

Securing our electricity supply

Prime Minister John Key flicked the switch on Transpower's second substation at Otahuhu this week, marking the completion of a $100 million national electricity grid project. The Otahuhu project provides a more secure power supply to Auckland and Northland.

We have increased spending on the national grid with investment of about $4 billion planned in the next five years. We’re giving businesses and consumers confidence in their electricity supply.

Boosting infrastructure is part of National’s plan to lift growth and create jobs. The new substation involved more than 300 people and over 300,000 work hours at a live substation. The Otahuhu work is the first of about $1.7 billion of transmission projects to reinforce Auckland’s network.

We are also spending $11 billion over 10 years on State Highways. We will soon rollout fibre to the home as part of our $1.5 billion ultra-fast broadband plan. And we are investing in rail, schools, housing and hospitals.

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