Government funding of Auckland rail link eases council's funding pressures, LGFA says

Wed, 14 Sep 2016

By Paul McBeth Sept. 14 (BusinessDesk) - The government's agreement to pay for half of Auckland city's proposed 3.4 kilometre inner city rail link will help ease the city's funding pressures, the Local Government Funding Agency says. Central government and the council today signed a heads of agreement that the Crown will pay 50 percent of the rail project estimated to cost between $2.8 billion and $3.4 billion, releasing the money in tranches, associate Finance Minister Steven Joyce and Transport Minister Simon Bridges said in a statemen...

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