Auckland light rail won't cost $30 billion – CEO

Auckland light rail won't cost $30 billion – CEO
An Auckland light rail concept from NZTA. (Image: Supplied)
Oliver Lewis
If light rail is costed at $30 billion after detailed design, the head of the company progressing the project says he’d recommend against it.The origins of the $29.2b figure, rounded to $30b by National and other light rail opponents, was a Treasury document analysing the indicative business case, which featured a p50 costing (50% confidence) of $14.6b for the preferred, partially tunnelled scheme.Based on that high-level estimate, which was done to allow for comparison between the various options, Treasury staff noted the cost could be b...

More Infrastructure

Opening day congestion for untolled Penlink highway – NZTA
Infrastructure

Opening day congestion for untolled Penlink highway – NZTA

The road should be redesigned if the Government chooses not to toll, agency said.

Oliver Lewis 26 Jul 2024
Downtown car park building legal challenge 'resolved'
Infrastructure

Downtown car park building legal challenge 'resolved'

Society challenging the sale to Precinct raised 0.4% of its High Court funding target.

Oliver Lewis 25 Jul 2024
Govt to fight receivers over $30m Tui oil field tax credit
Infrastructure

Govt to fight receivers over $30m Tui oil field tax credit

Crown bid to have liquidators cover decommissioning costs is subject to approval.

Victoria Young 24 Jul 2024
Govt agrees 'in principle' to $10b worth of Northland roading PPPs
Infrastructure

Govt agrees 'in principle' to $10b worth of Northland roading PPPs

The Northland expressway project could be one of the first PPPs out of the gate.

Dileepa Fonseka 23 Jul 2024