Auckland to keep assets despite Watercare’s financial woes – Goff

Auckland Mayor Phil Goff says despite the financial pressures Watercare is facing, there is no plan to hand over the ownership of its assets to a new entity as part of the government’s three water reforms. RNZ reports that under the government’s planned reforms, water services would no longer be controlled by the country’s councils and would instead be operated by a small number of publicly owned multi-regional entities. The exact ownership structures are still being worked out, but the local authorities may still have the option of retaining ownership of the assets, or holding shares in the new organisations.