Auckland Council debt rises 4.1% to $7.6 billion on infrastructure spending

Mon, 29 Aug 2016

By Edwin Mitson Aug. 29 (BusinessDesk) - Auckland Council's debt rose 4.1% to $7.6 billion in the year ended June 30, as New Zealand's biggest city steps up investment to try to manage the rapid rise in its population. The city's unaudited financial statements show $1.4 billion was invested in the latest year on renewing and expanding assets such as public transport interchanges, public parks, and the City Rail link project. That includes $349 million spent on roads and footpaths, $202 million on public transport improvements and $111 mi...

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