Our capital investment over the next 10 years, including our funding of CRL Ltd and investment made by Crown Infrastructure Partners, totals about $26 billion.
This includes $12 billion of transport infrastructure investment and $7.1 billion of water infrastructure.
This level of spend would result in council debt growing by $4.8 billion over the next 10 years, from $8.3 billion in June 2018 to $13.1 billion by June 2028.
This level of debt still enables us to remain within our prudential borrowing ratios, particularly in respect of our target to keep borrowings at a level not exceeding 265 per cent of our revenue.
To maintain our credit rating with Standard and Poors, the limit is 270 per cent.