{"id":109269,"date":"2024-08-15T06:00:19","date_gmt":"2024-08-14T20:00:19","guid":{"rendered":"http:\/\/www.vibewire.com.au\/?guid=7594d6432636f011e662baa7498d6fab"},"modified":"2024-08-15T06:00:19","modified_gmt":"2024-08-14T20:00:19","slug":"greater-wellington-borrows-24m-to-cover-rail-shortfall-more-rate-rises-ahead","status":"publish","type":"post","link":"https:\/\/www.vibewire.com.au\/?p=109269","title":{"rendered":"Greater Wellington borrows $24m to cover rail shortfall, more rate rises ahead"},"content":{"rendered":"<p>A\u00a0drop-off in train passengers\u00a0has seen the Greater Wellington Regional Council borrow $24 million to fund the shortfall.<\/p>\n<p>The\u00a0[drop\u00a0](https:\/\/www.thepost.co.nz\/nz-news\/350124211\/dozens-wellington-trains-could-be-cut-if-millions-not-spent-minister-told)has combined with other factors such as the region\u2019s failing water infrastructure to mean fares and rates will continue to increase, and the regional council will be in a $1.2 billion deeper debt hole in a decade\u2019s time.<\/p>\n<p>Regional council transport committee chairperson Thomas Nash said shortfalls, caused by Covid-19 and people working from home, were similar in the two previous years but those were covered by Waka Kotahi New Zealand Transport Agency.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A\u00a0drop-off in train passengers\u00a0has seen the Greater Wellington Regional Council borrow $24 million to fund the shortfall. The\u00a0drop\u00a0has combined with other facto<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-109269","post","type-post","status-publish","format-standard","hentry"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO Pro 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"A drop-off in train passengers has seen the Greater Wellington Regional Council borrow $24 million to fund the shortfall. 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