All roads lead to growth
Total Property - Issue 2 2016
Major roadworks throughout New Zealand are aimed at facilitating economic growth so Total Property checked with the NZ Transport Agency (NZTA) to get an update on Roads of National Significance (RoNs) across the country.
The commercial and industrial property sector is expected to springboard off these RoNs with encouraging signs emerging in the areas where construction is progressing. RoNs projects are based around Auckland, Hamilton, Tauranga, Wellington and Christchurch and have a focus on moving people and freight more safely and efficiently.
They are ‘lead infrastructure’ projects – that is, they enable economic growth rather than respond to it.
The seven RoNS identified as being strategically significant investment needs are:
Victoria Park Tunnel
This $340 million project was the first Government national ‘road of significance’ to be completed. Built to increase vehicle capacity on the heavily congested section of the Auckland’s central motorway system between Newmarket and the Harbour Bridge, it included construction of a 450 metre-long tunnel to carry three lanes of northbound traffic.
Puhoi to Wellsford
Warkworth is projected to have a population of 20,000 by 2040, so the Puhoi to Wellsford section of State Highway 1 (SH1) is destined for a major overhaul. The NZTA’s Auckland highway manager, Brett Gliddon says construction of the Puhoi to Warkworth motorway could start in late 2016 with the road completed and open by 2022.
Already inquiry levels on existing and potential commercial and industrial property opportunities are escalating.
Western Ring Route
Once complete, this 48km route will be an alternative to Auckland’s SH1, linking Manukau, Auckland, Waitakere and the North Shore. It will be fully complete when the Northern Corridor improvements section, which includes a new motorway connection between SH1 and SH18, is finished in 2021/22.
The 21.8 kilometre-long Hamilton section of the expressway will include 17 bridges and five new interchanges. All seven sections of the Waikato Expressway are scheduled to be completed in 2020 when both the Hamilton and Huntly sections are finished - reducing the journey time between Auckland and south of Cambridge by up to 35 minutes.
Tauranga Eastern Link (TEL)
Already open, this provides 21kms of four-lane, median-divided highway between Tauranga and Paengaroa opening up economic opportunities in the Eastern Bay of Plenty.
Wellington Northern Corridor
The 110 kilometre Wellington Northern Corridor will ensure the SH1 route between Wellington Airport and north of Levin is designed to provide safe, efficient and reliable travel that communities and businesses can rely on to grow and prosper. Other major Wellington works include the Transmission Gully 27 kilometre, four-lane motorway which will divert traffic away from the current SH1 Porirua and Paremata coastal route. It is scheduled for completion by April 2020.
The Christchurch Motorways project, comprises a number of projects, started in 2009 and is designed to streamline connections along critical routes to the airport, the CBD and Port of Lyttelton. Southern Corridor projects will address increased demand and congestion in the south of Christchurch and Canterbury.
For updates: www.nzta.govt.nz/projects
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