Applicant
NZ Transport Agency
Purpose
To seek the Board's approval for funding the final design and construction of NZTA's Te Rapa Bypass project in the Waikato Region.
Date of decision
4 March 2010
Resolutions
The NZ Transport Agency Board:
- a. approves funding for the final design and construction of NZTA's Te Rapa Bypass project at an estimated cost of $168.66 (NZTA share$156.71) million from C funds;
- b. notes that funding for works to develop roading network capacity for local growth areas will be provided by Hamilton City Council ($11.66 million) and Waikato District Council ($0.29 million);
- c. notes that an independent peer review of the revised economics associated with the project is underway and that any material issues arising from the review will be discussed with the Board at the meeting;
- d. notes that the construction cost, including property, for the Te Rapa Bypass project is estimated at $210 million, the 95th percentile cost is estimated at $238 million and the 5th percentile at $175 million;
- e. notes that the reasons for this decision are as set out in the Reasons for Recommendation section and that the profile for the activity has been assessed as HHL; and
- f. agrees to take Board paper 10/02/0334 out of committee when the contract for the project has been awarded.
Reason for the decision
- The assessment profile for the Te Rapa Bypass component of the Waikato Expressway has been determined as being of High strategic fit, High effectiveness and Low economic efficiency.
- The project will contribute to LTMA objectives of economic development and safety by reducing congestion, supporting integrated land use development and reducing crashes through improved road safety environment and grade separation.
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.
