The City of
Greater Geelong spent a record $124.5 million on capital projects during the
2018-19 financial year, figures presented to council show.
The money was invested in a range of major infrastructure upgrades and new
community facilities, as the City responds to the region’s rapid population
Major community projects completed during 2018-19 included the Armstrong Creek
Integrated Children’s and Community Centre ($17.24 million), stage two of the
Leopold Community Hub – including library ($8.7 million), and the Highton
Enhanced Children’s Centre ($5.5 million).
The numbers were detailed on Tuesday 27 August as council endorsed an amended
carryover of $36.2 million in capital expenditure from the 2018-19 budget to
the 2019-20 budget, following a review of capital projects at the end of June.
This is a significant improvement on the $49.5 million carried over from
2017-18 to 2018-19.
A number of major builds are scheduled to be finished in 2019-20, highlighted
by new Child and Family Centres in Drysdale and Purnell Road (Corio), both
valued at $13.3 million.
Councillor Bruce Harwood, Mayor:
Through its past two budgets this council has committed to a huge
investment in capital projects for the long-term benefit of our community. The
$124.5 million capital spend shows we are listening to the community and
building the essential infrastructure being requested.
Councillor Pat Murnane, Chair, Finance portfolio:
Although we hope to see the carryover figure reduce further next year, this
year’s result is a major improvement on the previous 12 months.
The $124.5 million
capital spend last financial year shows that this council is placing a heavy
emphasis on investing in important community facilities and infrastructure.
There were some major capital projects completed during 2018-19 that were
vitally important to our growing community’s needs.
This continues during the current financial year, with a projection that we’ll
spend $125 million on capital projects during 2019-20.