AusRAIL, Market Sectors

Auckland City Rail Link gets funding, but delayed

<span class="" id="parent-fieldname-description"> New Zealand prime minister John Key has confirmed the NZ government will provide its share of funding for the proposed City Rail Link in Auckland, but says the project will not go ahead until 2020, five years later than Auckland Council would like. </span> <div>Key’s announcement that the NZ government will fund 50% of the NZ$2.86bn needed for the CRL was welcomed by Auckland mayor, Len Brown, who called the construction of the CRL his “number one priority.”