Water entities need crown debt backing at start-up: Tim Brown

Infratil bigwig-turned-Wellington city councillor Tim Brown. (Image: Infratil)

Fri, 07 Jul 2023

Central government should be willing to support the country’s 10 new water service entities with between $20 billion and $30b of debt in their first couple of years while they become established, according to former Infratil senior executive Tim Brown.He was appearing before the government and administration select committee in his role as a Wellington city councillor for hearings on the Water Entities Amendment Bill, which the government intends to pass before the election.The bill sets the legal framework for establishing 10 regional wa...

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