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Tasmanians may end up paying more for water as TasWater applies for $735m loan – ABC News
The financial impact of coronavirus and the need to continue water supply upgrades may see Tasmanian households paying more for water.
Tasmania’s only water and sewage utility has not ruled out raising future residential bills to help manage rapidly rising debt associated with coronavirus.
Key points:
- Tasmania’s solo water and sewage utility is largely owned by the state’s 29 councils
- They have been told the entity is in financial trouble and has applied for a loan of up to $735 million
- TasWater says the money is needed to continue its capital works plan and battle the impacts of coronavirus
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