Accelerated Capital Works Programme
Council will accelerate its capital works program by reallocating unspent funds from the 2019-20 financial year, adjusting the 2020-21 financial year capital projects to ensure funding goes to deliverable projects and bring forward projects from our four year delivery programme.
The program will:
- Focus on renewal projects;
- Be projects that form part of our four year delivery program;
- Establish a Committee of Council to provide governance of the program which will operate alongside the Tender Review Committee;
- Consist of projects that range in value from $10,000 to $6,000,000 and across the building and civil construction industry; and
- Be funded from a combination of cash reserves and an interest free loan.
A further report will be provided to Council demonstrating the financing model, Terms of Reference for an Accelerated Project Delivery Committee, initial suite of projects and criteria for bringing projects forward.