Photo: SuppliedMore than $5 million could be deferred from wastewater, stormwater and water supply projects across Banks Peninsula over the next 12 months. The city council is also proposing deferrals to two other water supply projects on the peninsula, with $499,340 to the Lyttelton Rail tunnel pipeline and $390,000 Libeau Lane and Chemin Du Nache mains renewal in Akaroa, which would leave both projects with nothing for the financial year. The city council will consider reallocating funding towards any deferred projects when it addresses its Long Term Plan next year. The city council was forced to reassess its finances following the effects of the Covid-19 crisis. The city council is now proposing an average rates rise of 3.5 per cent after making cuts to certain areas of its budget.

Source: Otago Daily Times July 07, 2020 21:45 UTC