Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 


Auditor-General calls for more City Rail Link funding info

Media release

Auckland Councillor Cameron Brewer

Tuesday, 18 February 2014

Auditor-General calls for much more City Rail Link funding information

The Auditor-General today says her Office will need a lot more certainty and information around the costings and funding of the City Rail Link ahead of signing off her Audit Opinion mid-next year on Auckland Council’s 2015-2025 Long Term Plan.

At the Audit & Risk Committee meeting today, Auckland Councillor Cameron Brewer asked Controller & Auditor-General Lyn Provost what will be required of Auckland Council to satisfy her Office and avoid the project being singled out again in her official Audit Opinion on Auckland Council’s revised 10-year budget as it was when she audited the 2012-2022 Long Term Plan.

Back in her 2012 opinion, Ms Provost focused on the significant forecasting assumptions associated with funding for the City Rail Link project, citing “the significant level of uncertainty” associated the Government’s half share of $1.2 billion and locking down “alternative funding sources to raise $344 million, from particular types of user charges or regional taxes, many of which would require legislative change”. She went on to note: “The main risks to the City Rail Link project are that central government will not agree to provide direct funding nor enable the Auckland Council to access alternative funding sources.”

Mr Brewer says “sure the Government has since signalled some support in principle to the City Rail Link, but the Mayor still has a lot of work to do in the next 12 months to avoid the Auditor-General raising another red flag when she reviews the revised 10-year LTP next year. Securing access to alternative transport funding sources is now paramount. 

“Despite the cautionary view of the Auditor’s Office on the significant level of uncertainty associated with the project, and a council resolution to not progress any construction until a funding plan is in place, the Mayor is now out promising to fast-track the City Rail Link and offering up $250m from the City coffers, but the Government’s not budging. In the next 12 months the Mayor needs to focus solely on funding, not fast-tracking. Otherwise he’s only lining himself up for more telling commentary from the country’s chief auditor,” says Cameron Brewer

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Two Dead, One Injured – Suspect Arrested:

Police apprehended Russell John Tully just after 5pm this evening following the armed incident in Ashburton this morning.

Canterbury dog section and AOS apprehended Tully not far from Lake Hood. No shots were fired although Tully will be treated for minor dog-bite injuries.

Tully is now in custody at Ashburton Police Station. More>>


  • 3 News Out-Link - Livestream: Ashburton shooting press conference from 5pm

  •  

    Parliament Today:

    John Key Press Conference: Ashburton Shootings, Judith Collins Inquiry

    Prime Minister John Key has delayed the release of Nationals’ fiscal policy in light of this morning’s shooting at a Work and Income office in Ashburton... Key also answered questions about Judith Collins, and confirmed that independent inquiry will be held with regard to allegations made against Collins. More>>

    Gordon Campbell:
    On John Key’s ‘Blame It On Judith’ Strategy

    Right now, Prime Minister John Key seems intent on limiting the scope of any inquiry into his government’s dealings with Cameron Slater. The declared aim is to make that inquiry solely about Judith Collins’ behavior with respect to the Serious Fraud Office. More>>

    ALSO:

    Gordon Campbell: On The Debate, And The Collins Accusation

    Debating is a peculiar discipline in that what you say is less important than how you’re saying it. Looking poised, being articulate and staying on topic generally wins the day – and on that score, Labour leader David Cunliffe won what turned out to be a bruising encounter with Prime Minister John Key last night on TVNZ. More>>

    ALSO:

    Gordon Campbell: On Winston Peters' Latest Bout Of Immigrant Bashing

    It is only one poll, but rather than cannibalising each other's vote, Colin Craig and Winston Peters do seem to be managing to find the room to co-exist... Few are questioning how Peters got to this happy place, and what it says about the mood of the electorate. More>>

    ALSO:

    More Immigration News: First People Trafficking Charges

    The first people trafficking charges in New Zealand have been brought by Immigration New Zealand (INZ)... The defendants have been charged under the Crimes Act 1961 for arranging by deception the entry of 18 Indian nationals into New Zealand. More>>

    Collins 'Misinterprets Media Reports': "Too Compromised To Remain Justice Minister"

    Bizarre claims by Judith Collins this morning that she had been cleared of inappropriate behaviour by the Privacy Commissioner demonstrates she is too compromised to remain Justice Minister, Labour MP Grant Robertson says. More>>

    ALSO:

    Labour On Climate Change: Focus On The Now For The Future

    A Labour Government will put in place a comprehensive climate change strategy focusing on both mitigation and adaptation, establish an independent Climate Commission and implement carbon budgeting, says Labour Climate Change spokesperson Moana Mackey. More>>

    ALSO:

    Gordon Campbell: On National’s Housing Assistance Plan

    So, as many as 90,000 people could derive some benefit from National’s housing assistance plans for low and middle-income earners... Yet in reality, the benefits seem likely to be insignificant, and they will be skewed towards those at the top end of the income group that’s supposedly the target. More>>

    ALSO:

    Election Data Consortium: National’s Worst Case Scenario At Stage One?

    A month out from the general election and ipredict traders are still forecasting National’s vote to slip below current polling levels and there is potential for it to fall further. More>>

    ALSO:

    Get More From Scoop

     

    LATEST HEADLINES

     
     
     
     
     
     
     
     
    Regional
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news