Watercare hamstrung by council credit rating - report

Wed, 04 Nov 2020

Auckland’s water infrastructure provider, Watercare, is maintaining a far higher credit rating than it needs, stifling its ability to borrow and improve services.It could also increase its charges more slowly than planned if it operated to performance measures common to the water industry in Britain.Those are among key findings of a report prepared for Watercare by the Scottish Water Industry Commission, presented to Auckland Council members this afternoon.The report finds that Watercare’s operating costs are between 50 percent and...

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