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Infrastructure
3 mins to read

Watercare opens up debt sinkhole

Watercare's tether to its Auckland Council parent will be untied next year, leaving the country's biggest utility adrift and needing to refinance $3.6 billion in debt.

Watercare's Lower Huia Dam, Waitakere Ranges.

Brent Melville Thu, 26 Sep 2024

Watercare, the country's biggest public utility, says the past financial year was "transformational" after being forced to change tack with the shifting tide of government's water reform process.

It was certainly a big spending year for the Auckland Council-controlled entity, with capital

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Brent Melville Thu, 26 Sep 2024
Contact the Writer: bmelville@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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