A podcast discussion with Wellington Deputy Mayor Ben McNulty addresses the escalating costs of the Golden Mile project, the council's inability to sustain its budget, and the potential shift toward focused rejuvenation of Courtney Place instead.
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They've given us an updated P50 estimate. So P15 construction means essentially you've got a 50% chance you land in this parameter. You could go under, you could go over. That's at 215 million. Um the original budget on this corridor was 120 million, so it's essentially one of the capability of council. In terms of council's contribution was 60 million and NZTA's contribution is 60 million. So that's what we were working with in from 2024. So we're almost nearing double that from at least the 2024 figures.
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probabilistic cost model reveals risk exposure
Ben McNulty: Wellington Deputy Mayor on the review into the Golden Mile project and its budget blowoutSpotted something wrong on this page? Report a correction.
