15 July 2016

Councillors set to make decision on SkyPath

Auckland Council’s Finance and Performance Committee will next week make a decision on whether to deliver the SkyPath project through a public private partnership (PPP).

If councillors agree to the recommended PPP option, the partnership would be with H.R.L Morrison and Co’s Public Infrastructure Partnership Fund (the PIP Fund).

The PPP would mean that the construction, operation and maintenance of SkyPath would be financed and delivered by the PIP Fund for the contract period and there would be an admission charge for users of SkyPath.

The council would provide a limited underwrite of the revenue. This means if minimum revenue streams from fares, sponsorship etc are not met, council would need to top-up funds to meet a pre-agreed amount. In turn, if profits reach a certain level, council and the Auckland Harbour Bridge Pathway Trust would receive a share in these.

Auckland Council would also receive ownership rights and obligations at the end of the contract period.

Ahead of their recommendation, members of the Finance and Performance Committee will consider two reports relating to SkyPath: a project update and a report that evaluates and recommends the use of a PPP to deliver the project.

The reports are publicly available on http://infocouncil.aucklandcouncil.govt.nz/ as part of the Finance & Performance Committee agenda.

The Finance and Performance Committee will meet on 21 July. The Governing Body will then formalise the decisions of the committee at its 28 July meeting.

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