UPDATED 28 JULY
Auckland Council's governing body has given the green light for a public-private partnership model to be considered for Skypath.
The council's Finance and Performance committee voted unanimously for the model at a meeting on 21 July. The decision was formalised by the governing body on 28 July.
What is the SkyPath?
SkyPath is a pedestrian and cycle pathway across the Waitematā Harbour. It is proposed to be 4m wide (and 6m wide at the five viewing platforms) and fixed to the eastern clip-on lane of the Auckland Harbour Bridge.
Frequently asked questions about the SkyPath
It will be accessed via Northcote Point at the northern end of the bridge, and Westhaven in the south and connect to other cycling and walking facilities at each end.
It will be a major attraction for residents and visitors to Auckland, offering a unique perspective of the Waitematā Harbour.
The proposed partnership with H.R.L Morrison and Co’s Public Infrastructure Partnership Fund (the PIP Fund) is set to be the first of its kind for significant infrastructure in Auckland by the council.
If agreed to, the public-private partnership would mean construction, operation and maintenance of SkyPath would be financed and delivered by the PIP Fund for the contract period and there would be an admission charge for users of SkyPath.
The council would then provide a limited underwrite of the revenue. This means if minimum revenue streams from fares and sponsorship etc are not met, the council will need to top-up funds to meet an agreed amount. In turn, if profits reach a certain level, the council and the Auckland Harbour Bridge Pathway Trust will receive a share in these.
Auckland Council would also receive ownership rights and obligations at the end of the contract period.