4 Mar 2009

Auckland council earmarks $3.5b for capital works

8:37 pm on 4 March 2009

Auckland City Council plans to spend $3.5 billion over the next decade on capital works.

The council met on Wednesday to discuss its 10-year plan and how to keep rates down during a recession.

It aims to hold rates increases at levels no higher than the rate of inflation, with the average rates increase set this year at 2%.

Mayor John Banks says part of the council's affordable progress plan is spending $542 million on capital works.

He says this is the council's commitment to saving jobs and providing employment for people.