The Government has made a deal with Auckland Council as part of its Local Water Done Well reforms.
The deal saves Aucklanders from Watercare’s proposed 25.8 percent rates increase. Watercare will be able to borrow $1.9 billion over the next ten years for long-term investment in water infrastructure.
Local Government Minister Simeon Brown tells Mike Hosking similar actions will be taken regionally, with councils required to put forward their water service delivery plans.
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