Snedden also confirmed there might not have to be matches played in the new Forsyth Barr stadium before the tournament begins such is the commitment by the city to the new complex.
He is also comfortable with the fall-back option of playing games at Carisbrook.
It is two years today until the World Cup kicks off in Auckland when the All Blacks play Tonga at Eden Park.
It will be two years from Monday that Dunedin hosts its first game when Scotland takes on a European team, probably Georgia or Russia.
Snedden told the Otago Daily Times yesterday that everything was on track, and he was encouraged by what had been happening in Dunedin with regards to stadiums.
"It is great for the Rugby World Cup and it is great for the city that they are going to have something for the tournament and then the next 20 years after that," Snedden said.
"The thing that gives me comfort is the community have turned themselves upside down over the debate of the stadium. There are people who have put themselves on the line and because of that they will make it happen.
"From our point of view all we can really do is tick the progress on it."
July next year is a key period when Snedden and his team will review progress on the stadium.
"But against that we have to recognise the commitment that Dunedin and Otago region have made to the stadium. There has got to be a degree of flexibility needed here to acknowledge the commitment."
He said the stadium probably needed to be finished by early August, 2011, to host matches.
Snedden said he was not insisting on having games to test out the new stadium before the World Cup matches.
Snedden, the chief executive of Rugby New Zealand 2011, the company set up by the New Zealand Rugby Union and the Government to run the tournament, had a close-up look at Carisbrook when he stood on the terrace to watch the All Blacks play France in June.
"I'm not the slightest bit negative about Carisbrook. Standing there on the terrace at Carisbrook and being in Dunedin for the test there are a couple of things you understand.
"Carisbrook will be fine to host test rugby and there is also just the way Dunedin people respond to test match rugby. The way they get in behind a test, everyone has a really good time. You walk down to George St and have fun at some bars."
Snedden said there were concerns about the overall World Cup budget, with a loss being budgeted for, but that had to be expected.
"The budget is always going to be under pressure. And in a way it is not the expenditure that is the biggest worry really. At least we can keep an eye on that. With the way the recession is, it has worked for us in that companies have to be quite competitive and can't pick and choose.
"Revenue is more out of our control. It is solely dependent on ticket sales and we will have to wait and see how that goes."
It was not chicken feed, with $280 million worth of tickets to be sold. The prices of tickets will be revealed in about two months, and Snedden has signalled many times that tickets to big games will not be cheap.
He said the price of tickets to the Dunedin games will be between the price of a Super 14 game and an All Black test. There would be lower prices for children.
It would be possible for an ordinary rugby fan to get tickets to the big games, and there would be a scheme whereby tickets could be paid off over six months.
Snedden admitted he was concerned over recent surveys which had shown a drop-off in the general interest in rugby but said there had been a rejuvenation of rugby with the Air New Zealand Cup in the past month.
In addition, the World Cup was a once in a lifetime event, similar to the Commonwealth and Olympic Games.
• WORLD CUP- KEY DATES
November 09: Ticket prices announced
December 09: Team home bases confirmed
January 2010: Redevelopment of Christchurch stadium completed.
January 2010: Hospitality and ticketing packages on saleApril 2010: Tickets go on sale.
November 2010: Eden Park upgrade completed.
Mid 2010: Teams start to arrive.
August 2011: Forsyth Barr Stadium completed
September 9. 2011: Opening game of tournament, All Blacks v Tonga, Eden Park, Auckland
October 23, 2011: Rugby World Cup final, Eden Park, Auckland.
