More than $60 million worth of debt that has been plaguing the city council is now off its books.
At a council meeting on Monday it was announced that the New Zealand Transport Agency was taking $62.5 million of debt associated with Route K from the city council.
This comes after the agency also agreed to take ownership of the road.
The city council is now left with $1 million of debt from the road.
The news is great for the council, but motorists are still having to pay tolls.