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After 11 months of the financial year, total capital expenditure was $94.4 million, or 83.6% of the year-to-date budget.
The numbers for June are not yet in, but the council’s chief financial officer, Gavin Logie, said he expected the full year of expenditure to end up between $100 million and $105 million.
That would be an increase on what was able to be delivered the previous year, but it was more than $20 million short of what was budgeted.
The council’s delivery of capital expenditure had been shaping to be about the same as that delivered the previous year, but this year’s actual spending moved ahead from about March.
Property capital expenditure was underspent by almost $6.4 million.
Projects affected by delays included replacement of the Dunedin Civic Centre roof and development of the Wall Street mall manuka causeway.
The council’s ability to deliver on planned capital spending could be keenly watched in the next few years.
It is planning to carry out $1.5 billion of capital spending in the next 10 years.