There’s outrage in parts of the capital over the price-tag of a new bike rack. 

Ratepayers have forked out $550 thousand to install a two-tier bike rack in central Wellington. 

Independent Wellington City Councillor Diane Calvert told Mike Hosking she's gobsmacked the project became so expensive. 

Calvert says costs snowballed due to work on the footpath, installation of CCTV, and wiring electricity to the bike rack. 

LISTEN ABOVE 

• The Huddle: Can Wellington Council justify spending $136,000 on a bike rack?
• Barry Soper: Another costly bike rack paid for by Wellington ratepayers