Auckland Council has delivered a record $1.9 billion in capital investment over the six months to December 2024, marking a significant increase in infrastructure spending and a boost to the region’s resilience.

This marks an impressive $474 million rise compared to the same period in 2023, signalling the council’s commitment to strengthening Auckland’s physical infrastructure and managing ongoing growth.

As outlined in Auckland Council’s Long-term Plan 2024-2034, the funding was prioritised for key areas including transport, water, and local boards’ ability to better serve their communities.

Ross Tucker, the council's group chief financial officer, highlighted the importance of these investments for the city’s future.

“The Interim Report underscores our increased investment in critical infrastructure such as roads, pipes, and stormwater systems,” Mr Tucker said.

“38 per cent of our total capital investment, or $727 million, was directed towards roading and public transport. This includes major projects like the City Rail Link.”

In addition to transport infrastructure, the council allocated over $552 million (29 per cent) to water-related infrastructure, focusing on water supply, wastewater, and stormwater management.

These efforts are essential for ensuring sustainable services for Aucklanders and preparing for future growth.

Auckland Council’s efforts to improve resilience were further demonstrated through its $392 million spend on the buy-out of category three properties deemed a significant risk to life.

This initiative, which focuses on properties vulnerable to extreme weather, is part of a broader strategy to ensure the city’s infrastructure is prepared for future challenges.

The council’s interim report also highlights progress on several major projects.

These include the Central Interceptor, which is three-quarters complete, the refitting and operation of a fourth low-emission ferry, and continued advancements on the City Rail Link, including the commissioning of overhead line equipment at Britomart.

Auckland Council’s financial strength was also reflected in its operating revenue, which increased by 15 per cent to $5.4 billion.

With an operating surplus of $2 billion, up from $571 million in 2023, the council is on track to meet its financial and infrastructural goals.

Additionally, the council made a significant move with the Auckland Future Fund by selling its remaining shares in Auckland International Airport Limited for $1.32 billion.

These proceeds will be reinvested to diversify Auckland’s financial holdings and generate stronger annual returns to support future infrastructure development.

The capital investment, focused on both physical and financial resilience, continues to position Auckland for a sustainable and prosperous future, with the council’s progress on vital infrastructure projects enhancing the region’s overall livability.

Have a story to share from your neighbourhood? We’d love to hear from you! 

Send your news tips and stories to [email protected]