Commerce Commission to scrutinise Watercare's $15.2b plan
The New Zealand Commerce Commission has announced it will conduct a rigorous review of Watercare's $15.2 billion, 10-year infrastructure investment plan. The regulator aims to ensure the proposed spending is efficient and provides long-term benefits to Auckland residents who fund the services.
Why it matters
As the economic regulator and Crown Monitor, the Commission's oversight is critical to preventing excessive water charges and ensuring public infrastructure projects are managed transparently.
The Commerce Commission says it will closely scrutinise Watercare's new investment plans.
Watercare is Auckland's water and waste water provider and recently announced its $15.2 billion investment plan over 10 years .
The Commerce Commission Chair John Small says it will rigorously assess the proposal once they are formally submitted.
"Watercare's responsibility is to provide essential services and to be open and transparent with consumers about what it is proposing and why," he said.
At the end of July, Watercare unveiled the largest long-term infrastructure programme in its history.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in