Bryan Leyland gives Len brown and his train spotter friends a real good tickle up¬†on public transport.
The railway tunnel will serve only a very small fraction of Auckland’s population and at a huge cost. Mayor Len Brown is determined to commit Auckland to building a hugely expensive railway tunnel even though no comprehensive independent and objective economic analysis has been made on the merits of the tunnel and whether or not letting the city spread and developing satellite centres would be better.
Auckland Council has neglected its obligation to investigate and evaluate all options. Given the enormous amount of expenditure involved, this amounts to a serious dereliction of duty.
Overseas research on 44 urban rail systems revealed that the average cost overrun was 45 per cent and the number of passengers was half the predicted number. Have the economics of the Auckland tunnel been tested against 45 per cent higher costs and half the passengers? If not, why not?
The railway tunnel will serve only a very small fraction of Auckland’s population and at a huge cost. Right now, ratepayers subsidise 80 per cent of the cost of every train fare. If the tunnel costs blow out by 50 per cent it will need to recover at least $450 million in fares every year for capital repayment and operating expenses. If, as hoped, there are 20 million rail trips every year, they will need to recover $22.50 per rail trip. Most of this will be imposed on the ratepayers.
No one living on the North Shore will benefit from the rail loop but they will paying for it.
No one living in East Auckland will benefit from the rail loop but they will be paying for it. ¬† Read more »