Councillors discussed a co-funding opportunity at a meeting on 18 October, and unanimously agreed it was the best approach. This will affect the timing of other agreed work on The Parade.
The new Government has more than doubled the available funding and increased the financial assistance rate to local authorities, giving Wellington the opportunity to potentially secure up to $24 million in government funding for walking and cycling improvements in the city's southern suburbs.
To do this, we need to put forward a plan for integrated, high quality improvements from the south coast to the city. This includes the agreed improvements to The Parade, and the plans in development for the wider Newtown area.
With the $8 million in ratepayer funding already approved, this would enable us to do a lot more in more places, without any additional ratepayer funding.
Over the next 6 to 8 months, we will work closely with NZ Transport Agency and community to develop a plan for improvements that meet the funding criteria.
Apart from the routine maintenance planned, construction on The Parade will not happen until the NZ Transport Agency has considered the plan for the whole route and confirmed what level of funding it will provide. The Agency is likely to make these decisions in mid-2019 once consultation in Newtown, Berhampore and Mt Cook is complete.
News release - Council to work with the Government on walking and cycling - 18 October 2018