NZ opens the door to private water finance
- From: Vol 10, Issue 11 (November 2009)
- Category: General
- Region: Asia
- Country:
- Related Companies: United Water and Veolia Water
Funding shortfalls in New Zealand have already led to water infrastructure projects being delayed. A change in legislation could encourage the private sector to make up the difference.
On 28 October, the New Zealand government restored legislation permitting 35-year infrastructure concessions, opening the door for private sector funding to play a greater role in narrowing the country’s growing water spending deficit.
“Councils will now have the discretion to choose which procurement options they believe will deliver best value,” Stephen Selwood, CEO of the New Zealand Council for ...
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