New Zealand’s government will invest an additional $1bn on the state highway network over the next three years.

The revised government policy statement (GPS) on National Land Transport Fund (NLTF) resulted in these investments.

Out the total amount, $420m will come from reallocation of expenditure within NLTF, about $258m from new Crown investment and $283m by increasing fuel taxes.

Transport Minister Steven Joyce said that the GPS would ensure more efficient and cost effective allocation of funding from the NLTF and see long-term transport infrastructure investment.

NLTF will also provide the state highways about $10.7bn over the next ten years.