20 Viaduct Harbour Avenue Auckland 1010
Private Bag 92250, Auckland 1142, New Zealand
Ph 09 355 3553
Fax 09 355 3550
23 March 2023
Steve Hall
[FYI request #21554 email]
Kia ora Steve
The information you requested – CAS-688921-L0W7H4
Thank you for your request for information dated 20 February 2023 about cost to purchase
houses on Ti Rakau Drive for Eastern Busway.
Please note the information below is in relation to the properties purchased since the
Eastern Busway Al iance was set up to deliver Stages 2,3 and 4 of the Eastern Busway
Project which runs between Pakuranga Town Centre and Botany Town Centre.
What was the total cost?
The total cost was $26.1mil ion. This figure is as at February 2023 and includes associated
costs payable in respect of land acquired under the Public Works Act such as legal, and
valuation costs. This figure also includes accruals as not all properties may be settled as at
February 2022 but are the subject of signed Agreements.
How many houses were purchased?
A total of 24 residential and commercial properties have been purchased.
How many more are stil to be purchase and at what cost?
Two more properties are stil to be purchased and as these property acquisitions are
currently under negotiation this part of your request is refused under section s7(2)(b)(ii) of
the LGOIMA as withholding this information is necessary to avoid prejudice to commercial
position.
What was the decision making process to calculate a purchase price. Was this based
on the CV of the property?
Compensation is assessed under section 60 (1)(b) of the Public Works Act 1981 which
provides that “
the value of land shall, except as otherwise provided, be taken to be that amount
which the land if sold in the open market by a wil ing seller to a wil ing buyer on the specified
date might be expected to realise”
AT has engaged independent valuers to provide a market value for each property
purchased. An offer to purchase is made to the owner based on this valuation and an owner
aucklandtransport.govt.nz
has the opportunity to obtain their own valuation or to accept the offer made. Where there is
disagreement between valuers a negotiation takes place and if agreement cannot be
reached, a land owner has the opportunity to apply to the Land Valuation Tribunal to have it
determine a fair market value for the property being purchased.
Should you believe that we have not dealt with your request appropriately, you are able to
make a complaint to the Office of the Ombudsman in accordance with section 27(3) of the
LGOIMA Act and seek an investigation and review in regard to this matter.
Ngā mihi,
Jane Small
Group Manager
PMO Strategic Programmes and Property
Document Outline
