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Auckland Council will share the $2 billion cost of flood recovery with Government.
At the Governing Body meeting on August 24, the Mayor and councillors discussed the deal in confidence, then voted unanimously to support it, pending consultation.
The deal includes $820 million for council’s Making Space for Water programme, $390 million for transport network recovery and $774 million to buy out approximately 700 residential properties.
Government will take on 62 percent of the capital cost of the Making Space for Water projects, 79 percent of the transport recovery costs and 50 percent of the cost of buy-outs.
Before the meeting went into confidentiality, members of the public pleaded for speed from council.
The Titirangi, Green Bay, Huia Stickered Residents’ Group held up orange and red pieces of paper in the gallery, reminding the body that there are people behind every stickered property.
In a press release following the cost sharing decision, Mayor Wayne Brown acknowledged the agreement had taken time but said it resulted in a much better deal for Auckland.
“I have been signalling for some time that we have some major costs coming down the pipe for basic infrastructure. Now more than ever, as a council, we need to be thinking seriously about how we are going to focus on what matters most and getting value for our spend,” Mayor Brown said.
“These efforts to recover and build a more resilient region are expensive, and some of that falls on ratepayers, so we need to consult with them on those costs.”
Public consultation on the cost sharing deal will begin this month.
