The city's new link across Waitemata Harbour will be a tunnel, Prime Minister John Key confirms.
"We don't need heavy rail on North Shore. Light rail tracks can be built on the present busway and both buses and trams use it."
Auckland Chamber of Commerce's chief executive says the economic uncertainty is unnecessary.
Most businesses don't think things will get better over the next six months.
Auckland businesses are less confident now than they were three months ago.
Sign up for NBR subscriber content or email alerts
The easiest way for subscribers to stay logged in is to click the "Remember Me" option on the Member Log In box on the top right of this page.