RAPID CHARGING FUND

Rating: Section 22 - Information intended for future publication

Schedule: Section 22 - Information intended for future publication

Cost: Section 35 - Formulation of government policy

Source: NISTA Annual Report 2024-25 (data)

Rating: Compared to financial year 22/23-Q4, the Infrastructure Project Authority's Delivery Confidence Assessment rating at 23/24-Q4 remained at Amber. This is primarily due to the following factors. The Senior Responsible Owner's Delivery Confidence Assessment for this project is Amber. This is primarily due to the complexity surrounding outstanding key policy decisions, tight timeframes for delivery, and resource requirements. Significant progress has been made with the Rapid Charging Fund (RCF) Pilot, which opened for applications in December 2023. The Pilot will allow for an iterate and learn approach which will inform the design and delivery of the main fund. A consultation on the proposed scope, design, and delivery of the main fund was also published in December 2023. The consultation closed in February 2024 and officials are analysing responses, ahead of issuing a response to the consultation. The design of the main fund continues informed by learning from the pilot and responses to the consultation.

Schedule: Compared to financial year 22/23-Q4, the project's end-date at 23/24-Q4 remained schedule to finish on 2028-04-30. This is primarily due to the following factors. Further work is required to rebaseline the end date following previous delays to launching the Pilot fund (owing to a need to take into account previously unseen market data, and ensure the most effective intervention), and, to reflect ongoing policy development work to support the main fund.

Cost: Exempt under Section 35 of the Freedom of Information Act 2000 (Exempt under Section 35 of the Freedom of Information Act 2000 (Formulation of government policy,etc.))

Source: IPA Annual Report 2023-24 (data)