Court SimonSIMON COURT (ACT): Thank you Madam Chair. So just coming back to the Minister of Transport's assertion that the effectiveness of this policy has been evaluated I'd like to draw the Minister's attention to clause 101 of the post-implementation regulatory assessment. At this time"—it states—"no formal or comprehensive evaluation work has been completed by the Ministry of Transport on the policy. The insights below are tentative." This is a policy which will have cost taxpayers—motorists who are hitting potholes or whose roads could have been stabilised with proper geotechnical remediation in that period where the money could have been spent—$1.3 billion. We're talking about not just the Brynderwyns but roads like State Highway 1 at Mangamuka which connects Whangārei to Kaitāia which has been closed since August 2021 and which was previously closed for a long period of time. So there is no formal or comprehensive evaluation work and yet $1.3 billion has either been taken from the Crown accounts from taxpayers to fund this policy or it's been accrued as a debt on future generations—I'm not sure which. So if the Minister could clarify that: whether it's come out of taxpayers' revenue or whether it has in fact been added to Crown debt.And now we look forward. This policy now has a five-year time frame and if we're talking about on an annualised basis round about $1.5 billion. We're talking maybe $7 or $8 billion of foregone revenue at a time when this country New Zealand needs to find the money and as many sources of capital and revenue as possible to fund and finance the reconstruction and the improvement and resilience of our road network. So Minister it seems extraordinary that no formal or comprehensive evaluation work has been undertaken and Minister on that basis how can New Zealanders have confidence in the decision making around this policy or any other policy that this Government might make with regard to transportation?Hon MICHAEL WOOD (Minister of Transport): At the risk of repeating myself in response to previous questions the document that the member refers to clearly points to the fact that this policy has had the intended effect of reducing fuel prices below what they would be and as I said before that is a direct flow-through. In terms of the policy rationale that is sufficient for me and the Government. The investment that we have made and will make through this policy directly lowers the costs that fall on New Zealand households; $1.3 billion of cost by 1 June will have not been paid by New Zealand households but will have been saved by New Zealand households because of this policy. And we know that flows through. That is a primary driver for this policy. As I say and I said before as well—I've repeated this several times—the member is incorrect that there is any sacrifice that is made across projects funded by the National Land Transport Fund. He specifically mentioned one the Mangamukas which is a piece of road which has been hit by repeat extreme weather events and has been confirmed as a road that Waka Kotahi will remediate and plans to invest approximately $100 million in to do so. There is no project within Waka Kotahi's National Land Transport Fund plans that will not occur as a result of this policy. I've repeated that several times and I say it one final time for the benefit of members."