Auckland Eyes Deep-Tunneled Roadway, Public-Private Deal
From Wuhan to Barcelona to Pittsburgh, More Deep-Bored Tunnels Are On The Way New Zealand’s finance minister Michael Cullen says a government-appointed steering group will investigate the feasibility of a public-private partnership to build a deep-bored tunnel for completion of an urgently-needed western ring road segment in metro Auckland. It would be part of a larger, 48-kilometer ring road network connecting major population and employment centers in the region, and could influence whether PPPs are used on other major road projects in New Zealand also facing funding gaps. The five kilometer long tunnel would cost an estimated NZ $2 billion ($1.6 billion U.S.), with private developers compensated for their up-front investment either through tolls or a government lease-back provision, over Read More ›