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''They are sucking that money into a tram project - they call it 'mass transit' - in Auckland.''
Mr Bridges was speaking ahead of his roadshow next week, which will start in Queenstown on Wednesday, take in Alexandra, Dunedin, Gore and Invercargill, and finish at next Saturday's Bluff Oyster & Food Festival.
''The worry is that you just won't see the investment required.
''You're just going to see, at best, a stalling, at worst, a complete stopping of the things that need to happen like [Queenstown's inner-links project], like a second bridge, like the corridors in and out of Queenstown.''
The new bridge, opened last week after two and a-half years of construction, was commissioned under Mr Bridges' former National-led government.
''The reality of transport projects is they take a long time from go to whoa, and the people of Queenstown know that because they saw it with the Kawarau Bridge.
''I wish I could click my fingers, but with planning, with Resource Management Act issues, with all of these things, to get to construction, let alone to build the thing, takes a while.''
The former transport minister said his government had ''a track record in infrastructure investment''.
''We would have kept on doing it. I think the current Government may well take its eye off the ball in that department.
''For example, I doubt you'll see anything much in that area in relation to hard infrastructure in [today's] Budget.''
- By Philip Chandler