NZ Transport Agency
To seek the Board’s approval for funding the detailed design and construction for the NZTA’s Wellington Inner City Improvements (formerly known as the Basin Reserve Transport Improvements) element of the Wellington Northern Corridor RoNS (WNCR).
26 July 2012
The New Zealand Transport Agency will fund $94.21 million of the detailed design and construction associated with the Wellington Inner City Improvements element of the NZTA’s (SH1) Wellington Northern Corridor RoNS, subject to the Government:
contributing $50 million of Crown capital for the undergrounding of State Highway 1 at Buckle Street; and
developing legislation to grant the statutory authorisations and property rights required to underground Buckle Street; remove rights of appeal in relation to the grant of those authorisations and rights; establish a process whereby additional statutory authorisations could be granted by Order in Council if necessary to achieve the undergrounding; and establish a process whereby the relevant Ministers could obtain additional property rights if necessary to achieve the undergrounding.
The assessment profile for this activity has been determined as being of high strategic fit, high effectiveness and low economic efficiency.
The Wellington Inner City Improvements project is a key component of the Wellington Northern Corridor RoNS. The project contributes to the NZTA's Investment and Revenue Strategy and objectives of the LTMA by improving journey time reliability, and improving safety for all modes along the State highway corridor and the wider local transport network.
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.
