Despite total borrowings reaching $11.1 billion, the Auckland Council Group's latest results show it has managed to weather the worst of the storm created by the Covid-19 pandemic. South Auckland projects affected included a new Flat Bush multi-use centre, the upgrade of the Papakura park and ride and the Ōpaheke Park sports fields. Dalton said the results needed to be looked at in the context of the Auckland Council Group's total asset base, which grew by $9.7b to $70.4b in the past year. "Considering the huge drop in revenue we've faced we've still been able to build our city and work on capital projects like the Central Interceptor and City Rail Link. "We've come through the worst period any Auckland Council has had to deal with.

Source: Stuff August 31, 2022 02:28 UTC