Hipkins was accompanied by Associate Transport Minister Kiri Allan at the ceremony to mark the completion of the new section of SH1 and the $62m Te Honohono ki Tai Matakana Link Rd that avoids Warkworth’s infamous Hill St intersection.
The two new roads north of Auckland are due to open to traffic over the next few days, possibly early in the morning to avoid heavy traffic.
Despite the Labour Party previously mocking the project as a “holiday highway”, Hipkins today said it was a key part of the Northland to Auckland corridor and would unlock and boost the local economy.
The motorway has been plagued by delays and has taken more than six years to build by the NX2 joint venture between Fletcher Building and Spanish construction firm Acciona, which under a private-public partnership will operate and maintain the road for 25 years.
Most toll revenue collected by Waka Kotahi is spent on repaying the money borrowed to construct the toll roads, the transport agency said. A portion of toll revenue also goes towards operating costs and GST.
Waka Kotahi said it has kept toll increases below the average CPI since the last increase in 2019 but adjustments are needed from July 1 to ensure toll revenues continue to enable the timely repayment of debt.
Toll prices from July 1, 2023
Auckland Northern Gateway SH1
Light vehicles $2.60
Heavy vehicles $5.20
Tauranga Eastern Link SH2
Light vehicles $2.30
Heavy vehicles $5.60
Tauranga Takitimu Drive SH29
Light vehicles $2.10
Heavy vehicles $5.40