Wellington's new water entity estimates NZ$25 billion over 30 years for safe water
Wellington's newly formed water entity says NZ$25 billion of investment is needed over the next 30 years to deliver safe drinking water and clean beaches in New Zealand's capital region. According to RNZ, the figure covers modernising ageing infrastructure and overhauling wastewater systems.
The newly established water entity for New Zealand's capital region of Wellington said NZ$25 billion will be needed over a 30-year planning horizon to deliver safe drinking water, clean beaches and updated wastewater infrastructure. According to RNZ, the figure represents one of the largest infrastructure spends regional councils will need to meet in the coming decades.
The entity said much of the existing water network must be renewed on account of age, and that wastewater treatment systems will be modernised to meet both capacity and environmental standards. The plan also covers improving coastline cleanliness and bringing beach water quality to Pacific coastal benchmarks.
Financing will come from increased per-household water bills, government incentives and long-term debt instruments. Local councils will debate the share of the financial burden among ratepayers in the coming months. This content is not investment advice.
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