Watercare's new framework is set to receive a total of $3.5bn in proactive infrastructure investment
Simpson Grierson has guided Watercare on the establishment of its Assets Upgrade and Renewals (AUR) framework – a transaction described by the firm as the “largest-ever investment in proactive network renewals”.
The framework is expected to see $3.5bn in proactive infrastructure investment over a decade. According to Watercare, 19 contractors and consultants will tackle the first half of the programme, which focuses on the replacement of ageing water and wastewater pipes, as well as the upgrade of pump stations and treatment plants.
“The AUR framework is a significant piece of work because it supports our client’s biggest investment to date in proactive replacement of assets, with the aim of having fewer leaks, outages and wastewater overflows in Auckland”, Simpson Grierson lead partner Michael Weatherall said.
The firm’s team assisted on contract drafting and strategy. Weatherall worked alongside senior associate Christine Gordon, receiving support from senior solicitor Zachary Katene.
