LGNZ values water infrastructure at $35 billion, 20% up for renewal

Wed, 29 Oct 2014

By Suze Metherell Oct. 29 (BusinessDesk) - A quarter of New Zealand's $35.7 billion of water, wastewater and stormwater infrastructure is more than 50 years old and up to 20 percent needs renewal or is unserviceable, according to the 3 Waters project by Local Government New Zealand, the first national picture ever published of New Zealand's water assets. Overall, New Zealand's water infrastructure was sound and performing as needed, but investment to replace and renew existing assets would be needed to keep up with rising standards and e...

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