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18/08/2015

Dundee City Council Reveals £390m Capital Plan

Over £390m could be invested in capital projects over the next five years in Dundee, according to a new report.

Dundee City Council has announced an updated Capital Plan to cover the period between 2016 and 2021, with expenditure grouped into key areas.

As well as housing projects, the plan also identifies investment in various other areas, such as jobs and regeneration, recreation, digital and ICT along with sustainable city infrastructure.

Among the projects outlined in the new plan is a feasibility study on five Victorian/Edwardian Primary schools, plus further primary and secondary school investment.

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Other features in the study includes the scope of phased works, coastal and flood protection works, sustainable transport and low carbon initiatives.

Councillor Willie Sawers said: "For the first time we have broken the plan into themes to make it easier for people to see where capital money is being invested and what our priorities are.

"The level of borrowing to fund these projects is within manageable levels and I am confident that the investment outlined in the plan will make a difference, not just to the built environment of the city but also to the lives of people in Dundee."

"We also plan to continue with our successful council house building programme and maintaining the investment in thermal insulation and tackling fuel poverty that has been successful and popular with our tenants and other householders."

(LM)

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