Jase2985:
The downer guy i spoke to up here said asphalt was about 3-4x the cost of chip seal but generally lasts about 3-4 times longer. so cost for cost is about the same in the long run, just less disruption for drivers.
the stuff uses on the Waikato expressway is semi porous to help it shed water better when it rains.
Not sure how current this is but from NZTA's web site on highway surface selection
https://www.nzta.govt.nz/roads-and-rail/road-composition/road-pavements/