The Government has made its first move in its Local Water Done Well reforms – the replacement for Three Waters.
A deal has been brokered with Auckland Council which will allow Watercare to borrow 1.9 billion over the next ten years for long-term infrastructure. The deal will stop the proposed 25.8 percent water rates increase this year, bringing it down to 7.2 percent.
Water NZ CEO Gillian Blythe tells Mike Hosking that ultimately, the challenge comes down to balancing local accountability with affordability.
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