Watercare signs $2.4b contract with construction firms

10:14 am on 27 September 2019

Auckland's water provider Watercare has signed a 10-year infrastructure contract with Fletcher Construction and Fulton Hogan.

Lower Huia Dam, Waitakere Ranges

Watercare's Lower Huia Dam in the Waitakere Ranges Photo: Supplied / Watercare

Auckland's water provider said the $2.4b contract would give longer-term security of work for the construction companies and result in cost savings for the council agency.

In the past Watercare has contracted jobs on a case-by-case basis.

Construction sector firms have been concerned about a lack of large infrastructure projects in the pipeline.

Signing the agreement in Auckland this morning, the three parties said the decade-long contract was a win-win, with cost-savings and greater business security.

They have committed to Watercare's goals of a 40 percent carbon reduction and a 20 percent cost cut, both by 2024.