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Infrastructure
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Watercare to splash out $13.8b, water rates to spiral

Watercare’s debt facility will revert to a five-year loan term of $4.2b with the Auckland Council. 

WATCH: Watercare Chief financial officer Angela Neeson speaks with Brent Melville.

Watercare has written a shopping list worth $13.8 billion across more than 1000 identified projects as part of a 10-year plan signed off by the council-controlled entity this week.

To help pay for that, ratepayers will see their water and wastewater bills increase by almost a fifth over the next

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Brent Melville Wed, 26 Mar 2025
Contact the Writer: bmelville@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Watercare to splash out $13.8b, water rates to spiral
Infrastructure,
108342
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