The two projects were a $50 million to $100 million plan to ''upgrade and expand'' its ageing school of dentistry, and plans for a new facility to accommodate growth in its Christchurch medical campus, Mr Patrick said in the university's recently-released 2012 annual report.
It would use some of the $116.8 million it held in ''cash on hand and short-term deposits'' to fund the two projects, he said.
''Much of the university's cash is tagged for [the] two major capital projects. Both of these projects are in the planning phase and will be the two largest capital projects ever undertaken by the university,'' he said.
The university had already revealed that the dental school plan, if given final approval, would be its largest capital project, but had previously declined to give details of the budget for the Christchurch building. For the Christchurch building to be among its two largest building projects, it would need to cost more than the $47 million the university spent on its Information Services Building, completed in December 2001.
Property services director Barry MacKay last month said a final announcement could not be made on the Christchurch facility until the Canterbury Earthquake Recovery Authority's (Cera) health precinct masterplan was approved by Cabinet - which was likely to be more than two months away.
The university had previously planned to build the facility on land in Oxford Tce it bought for $5.5 million, but this was put on hold after the Government reserved the right to buy the land as part of a new health precinct.
A Cera spokesman said the master plan for the health precinct was still being prepared and was expected to be delivered next month.
The dean and head of campus of the University of Otago, Christchurch, Prof Peter Joyce, said he was looking forward to seeing the final master plan, which would give a better idea of the final location and make-up of the facility.
The fact it was likely it could no longer build on the land it had bought for the facility was ''not necessarily a bad thing'' as it was possible it would get ''a better site on Oxford Tce''.
The new facility was needed as the campus in Christchurch had ''been short on space for years'', which was exacerbated when a number of buildings were abandoned following the earthquake in 2011.
At present, the university leased ''all sorts of makeshift buildings'' to cope with demand on the Christchurch campus, which was ''less than desirable''.
The university has previously said the expansion of its dental school in Dunedin could include building a clinical facility in the car park of the current school in Great King St and once that is finished, refurbishing the old building.
A report to be tabled at today's university finance and budget committee meeting said an external project manager for the dental school expansion would be appointed at the end of this month. Work to investigate the condition of the existing building and ''reconsider the school's space requirements'' would also be undertaken.
