First tranche of City Rail Link fundingTransport Budget 2017
Budget 2017 provides $436 million of new capital for Auckland’s City Rail Link (CRL), as the first tranche of the Government’s investment in this critical transport project for Auckland, Transport Minister Simon Bridges says.
“The Government announced in 2016 that it would support accelerating the delivery of the CRL to help address Auckland’s transport needs by committing to fund half of the expected $2.8 billion to $3.4 billion cost,” Mr Bridges says.
“The CRL is a game-changer for central Auckland and this funding demonstrates the Government’s commitment to Auckland and its public transport systems.
“CRL is Auckland’s top new transport priority. It will double the capacity of the existing rail network and cut travel time for commuters.
“The CRL is already bringing economic benefits to Auckland and New Zealand creating hundreds of jobs during construction,” Mr Bridges says.
Once complete, the CRL will be one of New Zealand’s largest-ever transport projects. The 3.4 kilometre double-track underground rail line will run from Britomart station in downtown Auckland through the CBD to connect with the existing western line at Mt Eden station.
The Government and Auckland Council are now finalising the necessary funding and governance arrangements that will accompany both parties’ significant investment, including setting up an independent company to deliver the project. Further announcements on the details of these arrangements will be made in the coming months.
The Government’s investment in the CRL will be provided progressively through Budgets 2017 to 2020.