New & Upgraded Roads

New & Upgraded Roads - As is the case with the table showing renewal expenditure (Section 4.5) the exact break up of capital expenditure in future years is uncertain, so an estimate of new and upgrade expenditure has been made by applying typical new to renewal ratios to the known overall capital expenditure figures.

As noted in Section 4.5 Renewal Expenditure, Council will generate 1st Cut Renewal Programs from the Asset management system to inform the budget process for 2012/13. Council will base these estimates on the assets Remaining Useful Life’s (RULs) and replacement costs less residual value as recorded in the Council's Asset Register.

Council’s strategy is to develop a prioritised Capital Expenditure Program including (Renewals; Upgrades; and New) based on service levels, condition assessments, intervention levels, remaining useful life, and current service and maintenance levels.

The Asset Management system was not used to prepare the 2010 Long Term Financial Forecast and the expenditure was not split between Renewal, Upgrade and New.

Planned New & Upgrade Expenditure on Roads
Major Projects Minor Projects Foot & Bicycle Paths
2010-2011 $690,000 $210,000 $2,850,000
2011-2012 $781,400 $222,600 $477,000
2012-2013 $828,284 $235,956 $505,620
2013-2014 $877,981 $250,113 $535,957
2014-2015 $930,660 $265,120 $568,114
2015-2016 $986,500 $281,027 $602,202
2016-2017 $1,045,690 $297,889 $638,334
2017-2018 $1,108,431 $315,762 $676,634
2018-2019 $1,174,937 $334,708 $717,232
2019-2020
2020-2021
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