Watercare 10 Year Asset Management Plan Updated
Watercare Infrastructure Investments - 10 Year Asset Management Plan Updated
Watercare is planning to invest $5.7 billion in infrastructure over the next 10 years in growth related projects.
Currently we have capacity in our network to connect 55,000 homes today and over the next 10 years, an additional 155,00 homes.
This investment enables us to continually expand our network capacity to keep ahead of Auckland’s increasing demand for water and wastewater services.
Our investment is self-funded. We receive no income from property rates or the government.
We are required by law to manage our operations efficiently and keep overall costs of water supply and wastewater services to a minimum. Through efficiencies and economies of scale we have achieved this while delivering annual savings of around $100 million compared with long-term historical forecasts.
Today the average water and wastewater bill represents less than 1 per cent of the average household income.