Caversham Corridor Improvements (SH1) – further investigation, design and property purchase funding

Applicant

NZ Transport Agency

Purpose

To seek the Board's approval for funding the design and property purchase of the New Zealand Transport Agency's SH1 Caversham Corridor Improvements project in the Otago region

Date of decision

25 September 2009

Resolutions

The NZ Transport Agency Board:

1. approves funding for the further investigation and design of the New Zealand Transport Agency's (NZTA's) SH1 Caversham Corridor Improvements project, at an estimated cost of $2.20 million from R funds, subject to
   1. a hold point once the final macroscope of the project has been defined to enable the Group Manager, Regional Partnerships and Planning to consider and endorse the preferred option if its construction cost estimate is not greater than $32 million (95th percentile), or for the Board to consider and endorse the preferred option if its construction cost estimate is over $32 million; and
   2. the Group Manager, Highway and Network Operations publishing details of the contracts let for design, including details of direct appointments made under Rule 10.11 of the NZTA Procurement Manual, within 1 month of letting the contracts;
2. approves funding for the property purchase associated with the project, at an estimated cost of $4.60 million from R funds;
3. notes that the construction cost for the project is estimated at $27 million, the 95th percentile construction cost is estimated at $32 million and the 5th percentile at $23 million;
4. notes the reasons for this decision are as set out in the Reasons for recommendation section; and
5. agrees to take Board paper 09⁄09⁄0259 out of Committee when the Board has published the notice of decision.

Reason for the decision

The assessment profile for this activity has been determined as being of medium strategic fit, medium effectiveness and medium efficiency.

The project contributes to the NZTA's Investment and Revenue Strategy, which intends to give effect to the GPS. It provides a long term solution to a deteriorating existing issue and will contribute to economic development and safety objectives of the LTMA.

We confirm that the matters in sections 20(2) and 20(5) of the LTMA have been satisfied and that the matters in section 20(3) have been taken into account.

If you would like details of how the assessment profile for this activity was determined, please email us at boardsecretariat@nzta.govt.nz.