Bishop Chris; Twyford PhilCHRIS BISHOP (National—Hutt South): Thank you Mr Chair. I thank the Minister of Transport for that answer. I encourage the Minister to update the committee in due course on that. I think it is a matter of public interest. I acknowledge that the Government's been working through that impact and figuring out exactly where the money will come from to fill that hole. I acknowledge the Government's commitment to protect the fund but I think it would be in the public interest for an announcement on that to be made sooner rather than later.Just as a follow-up I've got a series of questions which are designed to be useful and elucidate some information for the committee. The Government policy statement—a draft was released pre-COVID I think; quite some time before COVID actually. I understand that is being finalised. I know that there are a large number of people out there interested in exactly what that new Government policy statement will say so I was wondering if the Minister could update the committee on when he expects to finalise that and release it publicly.Hon PHIL TWYFORD (Minister of Transport): Thank you to the member for that question. For those of you who are listening to this debate who aren't transport geeks the Government policy statement (GPS) is essentially our transport budget. It's the Government's high level statement of policy direction for the land transport system. That includes rail and coastal shipping and other things as well. It's the chance for the Government to set out its policy direction and also set a budget for transport for Waka Kotahi. We do that through a number of different activity classes and we set upper and lower spending limits for the likes of walking and cycling rail coastal shipping State highways State highway maintenance local roads local road maintenance and a few other things.It's a critical input into the transport system because it's what allows councils who are major players funders of parts of the transport system and the whole of the transport industry into many sectors. It allows people to know the direction the priorities and how much money is available. What we do is we set the GPS on a three-year cycle that is roughly aligned with the parliamentary cycle and has a 10-year horizon. So we are about to release very shortly the final GPS. The draft form has been out now for a number of months consulted widely. We've considered the feedback weighed it all up and we'll have the final GPS to release shortly.But I will say that I think we've aimed to sharpen and clarify some of the policy direction. You'll see a continuation of our Government's commitment to a balanced transport policy that tries to allow every mode of transport—whether it's road rail public transport walking and cycling—to play to its strength and realise its potential. A big commitment to better transport options in our cities making our cities livable through walking and cycling investment trying to provide more choices through public transport rail and other forms of rapid transit so that some people in our cities will choose to leave their cars at home allowing the roads to move more freely for people who have to drive.You'll see a big commitment to an efficient and sustainable freight supply chain for the whole country. That's a whole new piece of work actually that really hasn't been attempted before but it's about bringing together our investment in road rail port reform freight hubs looking at the import and export supply chain and how we can make it more environmentally sustainable reducing carbon emissions and more efficient to drive down costs and grow prosperity.The other really big thing in the GPS is a commitment to net zero carbon by 2050. So decarbonising the transport system is arguably one of the biggest challenges that we face in front of us over the next 20 to 30 years. We'll be getting cracking on that under the new GPS.