Category: Financial Planning

Changes to the City Rail Link [updated with video from Auckland Transport]

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LGOMIA request to go in for Post-CRL Operational Plan

 

Bit of activity around the changes to the City Rail Link this morning in order to scale back costs.

From the Office of the Mayor

Mayor announces 20 percent cut in cost of City Rail Link

Auckland Mayor Len Brown has announced a significant reduction in the cost of the City Rail Link (CRL) from $2.86 billion to less than $2.4 billion lowering the price of Auckland’s number one transport infrastructure priority by about 20 per cent.

A significant part of that cost reduction is an Auckland Transport (AT) decision to redevelop the existing Mt Eden Station and connect it to the CRL rather than build a new underground station at Newton.

That design change will save more than $150 million, improve the reliability and journey time of train services, minimise construction disruption and reduce property purchase requirements.

The other significant saving is a decision that additional electric trains will not be required as part of the core CRL project, saving more than $330 million.

Len Brown says the ongoing review of the design and costs for the project shows we can get the CRL operational using the existing fleet. It is expected new units will be required for the CRL’s future developments, as the network expands.

“This is an exciting development and makes a 2016 start date for the construction of the CRL even more realistic, especially at a time when more and more people are choosing to get out of their cars and travel by rail*,” says Mayor Brown.

“Aucklanders are behind this, the business and investment community are behind this, we just need to get on and get it done.”

Mayor Brown said he expects more good news on the cost of the project to come as optimisation, value engineering and advances in tunnelling technology are taken into account.

*The year to June 2014 saw a 13.9% increase in Auckland rail patronage, to 11.4 million trips.

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More coverage can be seen at the following:

Auckland transport project overhauled

AT drops Newton Station for cheaper CRL

And from Todd Niall at Radio NZ this morning

The text version can be seen here: $500m cost cut in Auckland rail plans

 

More on this later today including sending in a Local Government Official Information and Meetings Act request on the post CRL operating plan

 

UPDATE: Auckland Transport has a video on the Mt Eden Station Changes

 

Auckland Council Correcting a Resolutions Error

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Whoops – bit too quick off the mark there

 

From Auckland Council

Auckland Council correcting minor issue on rates resolution – no change to rates bills

 

 

Auckland Council is correcting a minor technical issue in the setting of this year’s rates.

 

At the 26 June Governing Body meeting, the Council voted to set its rates immediately prior to adopting the Annual Plan, rather than immediately after as required by the Local Government (Rating) Act 2002.

 

To remove any potential ambiguity created by this issue, Auckland Council’s Governing Body will be asked to repeat its 2014-15 rates resolutions as part of its ordinary meeting on 14 August.

 

The resolution will not change rates as set on 26 June, and there will be no change to what appears on people’s rates bills.

 

A Council spokesperson said:

 

“Unfortunately the ordering of the agenda was not strictly in line with what is required by the Act. This resolution will remove any potential ambiguity this may have created. It will have no impact on the rates that were set by Council.”

 

Auckland Council will publish a notice in the New Zealand Herald tomorrow, pursuant to section 119 of the Local Government (Rating) Act 2002.

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