Pursuant to section 160(3) of the Crown Entities Act
2004, I, Jane Katharine Meares, Treasury Solicitor, hereby give notice that on 17 November 2010, The Honourable Simon William English, Minister of Finance, and The Honourable Steven Leonard Joyce, Minister of Transport, gave approval (subject to Cabinet agreement to establish a new appropriation) under section 160(1)(b) of the Crown Entities Act 2004, in relation to section 162 of that Act,
for the New Zealand Transport Agency to borrow up to $250 million for the purpose of managing cash flow variations between hypothecated revenue inflows and expenditure outflows of the National Land Transport Fund.
Dated at Wellington this 3rd day of December 2010.
JANE KATHARINE MEARES, Treasury Solicitor.