New Watercare boss to borrow $10b for ageing pipes and plants

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New Watercare boss to borrow $10b for ageing pipes and plants

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New Watercare boss to borrow $10b for ageing pipes and plants

//business-finance.news-articles.net/content/202 .. s-to-borrow-10b-for-ageing-pipes-and-plants.html

Published in Business and Finance on Wednesday, March 26th 2025 at 1:20 GMT by Newsroom
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

The country's biggest utility is to go it alone, separate from Auckland Council - a decision that will require generations of water users to service an eyewatering debt. Incoming CEO Jamie Sinclair talks to Jonathan Milne.

The article from Newsroom discusses the appointment of a new CEO at Watercare, New Zealand's largest water and wastewater services provider, who plans to borrow up to $10 billion to address the aging infrastructure of pipes and treatment plants. The new CEO, highlighted for his experience in infrastructure management, aims to tackle the significant challenges posed by deteriorating water systems, which have been exacerbated by years of underinvestment. This financial strategy is part of a broader initiative to ensure the reliability and safety of water supply and wastewater management, amidst growing concerns about water quality and infrastructure resilience. The article also touches on the potential implications for ratepayers, who might face increased charges to fund these extensive upgrades.

Read the Full Newsroom Article at:
[ https://newsroom.co.nz/2025/03/26/new-watercare-boss-to-borrow-10b-for-ageing-pipes-and-plants/ ]

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