In October and December 2024, we communicated to the Mayors and CEOs of councils our involvement in the Local Water Done Well (“LWDW”) programme and how we could assist councils regarding the financing of water activities.
Over the past three months we have continued to engage with the Department of Internal Affairs, NIFFCo, Commerce Commission, Water NZ, councils and their advisers, and other stakeholders to further develop our thinking.
We can now provide the attached document that outlines the financial covenant requirements for those water CCOs who wish to join LGFA. We have also outlined the likely impact for councils under both the water CCO and in-house delivery models.
