Hon MICHAEL WOOD (Minister of Transport): Today, the Minister of Finance and I announced that the Government is progressing a preferred option for mass rapid transit in Wellington which includes light rail from Wellington station to Island Bay; a new tunnel through Mount Victoria for public transport, walking, and cycling; an upgrade to the Basin Reserve area so it's no longer the country's biggest and most congested roundabout. The preferred option will reduce travel times, improve air quality, enable more housing, and reduce emissions. This is a once-in-a-generation opportunity to shape Wellington's future and we believe, on this side of the House, that it's time to get on with it. That's what we're doing.