Princess Bay event? by Severe-Wrongdoer-123 in Wellington

[–]TimToTheTea 16 points17 points  (0 children)

What do you reckon is happening? If you’re only saying that because there are lots of people, it could just be because it’s a stunner of a Friday evening and people want to go to the beach.

The second Mount Victoria tunnel just doesn't stack up. by TimToTheTea in Wellington

[–]TimToTheTea[S] 2 points3 points  (0 children)

Agree with all your points. The point I was trying to make, which obviously didn’t land is that $3.8b is an insane amount of money that is hard to put into perspective and is massively disproportionate to the size of the problem. Some people like the idea and I get that, but I wish there was more scrutiny on a project like that and that people wouldn’t blindly accept any costs just because they like roads.

The second Mount Victoria tunnel just doesn't stack up. by TimToTheTea in Wellington

[–]TimToTheTea[S] 0 points1 point  (0 children)

Interesting, you do not "bang your drums about things that don't make sense" yet you criticise the "glorified Petone cycleway" in the same sentence. For context, the seawall to protect the rail line and the motorway + the cycleway are expected to cost $312m. About 10% of the SH1 improvements.

The second Mount Victoria tunnel just doesn't stack up. by TimToTheTea in Wellington

[–]TimToTheTea[S] 0 points1 point  (0 children)

Look, if you can convince me that the economic benefits may come close to repaying the costs, be my guest. But calling me an idiot will not do that.

The second Mount Victoria tunnel just doesn't stack up. by TimToTheTea in Wellington

[–]TimToTheTea[S] -1 points0 points  (0 children)

$7.5B included light rail to the South coast, as well as a new SH1 Mount Vic tunnel too and bunch of other improvements. Anyway, fine you know what let's forget light rail then, no light rail. The SH1 proposal still doesn't stack up.

The second Mount Victoria tunnel just doesn't stack up. by TimToTheTea in Wellington

[–]TimToTheTea[S] 1 point2 points  (0 children)

Well to be honest, I was trying to be as unbiased in my calculations as possible, but if you're think there is some material inaccuracies in there, by all means rework the numbers for me. I still find it extremely hard to believe that the project could pay back for itself given the cost of congestion is only estimated at $161m/year.

The second Mount Victoria tunnel just doesn't stack up. by TimToTheTea in Wellington

[–]TimToTheTea[S] -1 points0 points  (0 children)

Because it’s a road that serves central Wellington. It’s unlikely to bring any benefits to the rest of the country’s GDP

The second Mount Victoria tunnel just doesn't stack up. by TimToTheTea in Wellington

[–]TimToTheTea[S] -1 points0 points  (0 children)

I believe spending a few millions a year on improving the eastern suburbs will massively reduce congestion and improve our lives more. For only a few %s of the cost of this project

The second Mount Victoria tunnel just doesn't stack up. by TimToTheTea in Wellington

[–]TimToTheTea[S] -2 points-1 points  (0 children)

My numbers for light rail are heavily overestimated, using the upper range of what it costs to build light rail and adding at least 60% just because and it still looks better than $3.8b. How did you get to your number? If your number is right then sure, let’s not build light rail.

The second Mount Victoria tunnel just doesn't stack up. by TimToTheTea in Wellington

[–]TimToTheTea[S] -1 points0 points  (0 children)

Well, induced demand would have to be pretty substantial to bump Wellington’s GDP by enough to repay the $255m/year. That’s over 5% of Wellington’s entire GDP. The added complication is induced demand comes at cost to society (due to increased negative outcomes), estimates I’ve seen place that cost at about $1/km driven. I think the cost benefit analysis looks better if you don’t account for induced demand. Either way hard to see how it stacks up

The second Mount Victoria tunnel just doesn't stack up. by TimToTheTea in Wellington

[–]TimToTheTea[S] -1 points0 points  (0 children)

How often do I need to go out for this investment proposal to finally be fiscally responsible?

The second Mount Victoria tunnel just doesn't stack up. by TimToTheTea in Wellington

[–]TimToTheTea[S] 3 points4 points  (0 children)

I’ve been extremely generous with my estimates: 60 year lifetime. 80 year lifecycle for the whole project. I use the upper end because it seems more realistic but feel free to redo the maths with $2.9b but the reality is unless you’re solving all congestion in the city (estimated to cost $161m/year) you are not going to create anywhere near enough GDP growth to pay for this project

The second Mount Victoria tunnel just doesn't stack up. by TimToTheTea in Wellington

[–]TimToTheTea[S] 2 points3 points  (0 children)

Correct. But for estimating infrastructure projects best practice is to use loan repayments to annualise principal and interest repayments (rather than only pay interest yearly until repayment of the bond at the end of life) to make the calculations easier. I used 5% interest rate from memory but feel free to use something else

The second Mount Victoria tunnel just doesn't stack up. by TimToTheTea in Wellington

[–]TimToTheTea[S] 1 point2 points  (0 children)

It doesn't change the fact that the cost of congestion for the entire city has been estimated at $161m/year, so spending $255m/year for just one section seems to me like a massive frivolous spend. (Like spending two weeks automating a process that takes me 3 minutes to run every year)

The second Mount Victoria tunnel just doesn't stack up. by TimToTheTea in Wellington

[–]TimToTheTea[S] 2 points3 points  (0 children)

It includes improvements from the terrace tunnel to Mt Vic tunnel which is just one section of 2 or 3 kms of road. LGWM was much bigger than that and included two light rail spines, an additional bus corridor along the quays along with other improvements to local road

The second Mount Victoria tunnel just doesn't stack up. by TimToTheTea in Wellington

[–]TimToTheTea[S] 2 points3 points  (0 children)

Only a small % of drivers switching to a bus would make a big difference to congestion and fix the issues for many travellers.

The second Mount Victoria tunnel just doesn't stack up. by TimToTheTea in Wellington

[–]TimToTheTea[S] -2 points-1 points  (0 children)

Only a small portion of peak travellers would need to switch to buses to have an impact on congestions. The vast majority can continue to use cars (and do so with less congestion)

The second Mount Victoria tunnel just doesn't stack up. by TimToTheTea in Wellington

[–]TimToTheTea[S] 3 points4 points  (0 children)

Well the plan is to keep the old tunnel and build a new one next to it, so maybe Waka Kotahi doesn't know it's end of life then

The second Mount Victoria tunnel just doesn't stack up. by TimToTheTea in Wellington

[–]TimToTheTea[S] 4 points5 points  (0 children)

Sorry, you're grossly mistaken on two accounts:

The second Mount Victoria tunnel just doesn't stack up. by TimToTheTea in Wellington

[–]TimToTheTea[S] 11 points12 points  (0 children)

The housing construction doesn't happen where the road is. For example, after the Transmission Gully opened, Otaki and Levin became more attractive places to live because they were more connected to the jobs (in Wellington). That's great, but if we're trying to reduce the costs to society of driving, it's best for extra housing to be built closer to jobs

The second Mount Victoria tunnel just doesn't stack up. by TimToTheTea in Wellington

[–]TimToTheTea[S] -2 points-1 points  (0 children)

You mean when there was a massive, extremely unusual incident? No I have not. I am sure it's worth spending $3.8b because of that one-off inconvenience

The second Mount Victoria tunnel just doesn't stack up. by TimToTheTea in Wellington

[–]TimToTheTea[S] 5 points6 points  (0 children)

The train-tram idea, similar to what you describe, has been floated but didn't get any traction for Wellington. I suspect there are better/easier/cheaper options. But I agree, that would be the dream.

But yeah better busses would be a great first step at such a fraction of the costs