The business case for the CBD Rail Tunnel has finally been released. You can read it all here.
There’s masses to comment on, but overall it seems the business case is very sound. Taking into account transport benefits only, the project has a BCR of 1.13 at an 8% discount ratio. Taking into account wider urban regeneration and broad economic benefits, the project has a staggeringly good BCR of 3.5 at an 8% discount ratio.
More from me on the business case this evening.
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Read that NZTA doc. They are all over it, could hardly be more enthusiastic…. Must have caused apoplexy in certain quarters….