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

^{Published on 2025-03-26 01:20:51 - Newsroom}

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/ ]

N@N

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