Watercare will find $122m to help keep council afloat

Watercare will find $122m to help keep council afloat
Brent Melville
Water infrastructure charges levied into Auckland's hot property development market could provide enough liquidity to keep council from drowning in debt, says outgoing Watercare chief executive Raveen Jaduram.The anticipated higher returns, which will come in the form of infrastructural growth charges, will form a large part of 'debt impact mitigation' which Watercare estimates could come in at $122 million. That's almost half the expected $224 million in capital spending and $15 million in operational costs projected as part of...

More Property

Kāinga Ora cuts staff, trims build costs
Policy

Kāinga Ora cuts staff, trims build costs

The agency will sell older homes in wealthier suburbs as part of turnaround plan.

Oliver Lewis 04 Feb 2025
Apartments opposed by Luxon subject to court appeal
Infrastructure

Apartments opposed by Luxon subject to court appeal

The PM wants NZ to stop saying no to development. In 2020, he opposed these apartments.

Oliver Lewis 30 Jan 2025
Liquidated brothel struggled with slow trade
Property

Liquidated brothel struggled with slow trade

One33 Vincent owes ‘north of $100k’ in rent, the liquidator says.

Maria Slade 29 Jan 2025
Kāinga Ora properties sit derelict while reviews continue
Property

Kāinga Ora properties sit derelict while reviews continue

The pared-back state housing agency must decide what to do with hundreds of projects.

Maria Slade 29 Jan 2025