Auckland Council's talking up its investments in half-year results to December.
The books show three-quarters-of-a-billion dollars were invested in key assets over the six months.
Included in that is more than $100 million on the new, Spanish-built electric trains, and $22 million on libraries.
The Council says the value of its assets has increased by $1.2 billion over the period, to $41.2 billion.
Auckland Council has maintained strong financial ratings too, including a Standard & Poor's AA.
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