Council-controlled organisations will soon be able to borrow more for less through the local government funding agency.
They will be able to borrow five times their operating revenue, meaning major work can get underway without major rates hikes.
Water New Zealand Chief Executive Gillian Blythe joins Mike Hosking to discuss.
LISTEN ABOVE

Mike's Minute: So yes, Chris Hipkins does think you're stupid
01:59

Rod Liddle: UK Correspondent on the Russian jets intercepting UK surveillance planes over the Black Sea
05:45

Grant Baker: NZ Businessman and Entrepreneur on his decades of success and failures, new book 'No Pit Stops: The Business Of Going All In'
13:06