Three waters reform: what if the Super Fund half-owned Watercare?

Three waters reform: what if the Super Fund half-owned Watercare?
Auckland's water infrastructure needs shouldn't drive reform in the rest of the country. (Image: Getty)
Pattrick Smellie
Special difficulties relating to the financing of Auckland’s future water infrastructure needs could be fixed by adopting a ‘Kiwibank model’ to let the NZ Superannuation Fund or Accident Compensation Corp own up to 51% of the city’s Watercare business.The suggestion is part of a detailed set of alternative proposals to the government’s plan to reform the country’s three waters infrastructure – covering drinking, waste and stormwater assets – from the Communities for Local Democracy (C4LD) lobby gr...

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