Statement of Performance
CITY RAIL LINK LIMITED ANNUAL REPORT 2019 - 2020
Statement of Performance
Construction of the temporary shaft in Mercury Lane that will provide access to the tunnels
This section describes the 2019-2020 progress made towards achieving the identified performance measures as outlined in the Statement of Performance Expectations. CRL Ltd has one output class and six output areas. The results reported within this section should be read in conjunction with the results reported against the Statement of Intent (SOI) on pages 13-18*. CRL Ltd’s performance against some Key Performance Indicators (KPIs), particularly with regard to Project Delivery, have been impacted by Covid-19 government imposed restrictions during Alert Levels 4, 3 and 2. During Alert Level 4 no construction work could be undertaken, and new health and safety protocols during Alert Levels 3 and 2 such as social distancing also impacted the speed of construction on CRL’s sites. Note 1.16 (v) in the Financial Statements provides a more fulsome description of the financial impact of Covid-19 on CRL Ltd.
Funding Envelope
KPI 2020
Actual 2020
Achieve fiscal efficiency
Meet delivery targets within approved
Achieved. Remained within the funding
Appropriation
budget for the project.
Provide 12-month forward cashflow
Achieved.
forecasts to manage funding calls Timely financial reporting of project costs
Achieved.
on a cost to complete basis Develop organisational efficiency measures Achieved. Agreed measure: “Meet Corporate Costs whole of life budget”. These costs remain within budget and are monitored monthly. Meet statutory and other agreed financial
Achieved.
reporting requirements
*Because the SPE and SOI were prepared at different times, some of the targets set out in the document do not align.
9
