S&P Global Ratings warns that Kiwis are blind to the 'astronomical' costs of fixing Three Waters.

A new report from the credit agency suggests that local councils are gaming the system by building new infrastructure with the hope that their ratepayers won't have to pick up the tab.

S&P Global Ratings director Anthony Walker says the cost of fixing water infrastructure could be between $120 billion to $180 billion, with the potential to go higher.

LISTEN ABOVE

S&amp;P Global Ratings warns that Kiwis are blind to the 'astronomical' costs of fixing Three Waters.
A new report from the credit agency suggests that local councils are gaming the system by building new infrastructure with the hope that their ratepayers won't have to pick up the tab.
S&amp;P Global Ratings director Anthony Walker says the cost of fixing water infrastructure could be between $120 billion to $180 billion, with the potential to go higher.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.