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Funding for America’s Cup Infrastructure

Media release

Funding for America’s Cup Infrastructure

On Thursday Auckland Council will consider providing a further $14.5 million to complete the infrastructure needed for the holding of the America’s Cup defence in 2021.

Mayor Phil Goff said the Government has today approved its share of the extra funding required and the additional investment comes as a result of more accurate and detailed construction costs following final design work and the granting of resource consents. The final costing includes a contingency of nearly $10 million against the risk of any unanticipated costs.

Mayor Phil Goff says, “Economic Development Minister David Parker and I are satisfied that costs have been pared back as much as possible while still ensuring the successful hosting of the America’s Cup.

“The eight new notices of challenges on top of the three confirmed original challenges points to a likely full occupation of the team bases. Any competitors beyond the first six challenges accepted, as signalled from the start, will have to make their own base arrangements.

“While requiring a significant investment by central and local government, the Cup will create thousands of jobs and enable Auckland and New Zealand to showcase our environment, sporting skills and cutting-edge technology to the world,” the Mayor said.

For full details visit OurAuckland


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