Watercare has raised CHF250 million (approximately $542 million) through the Swiss bond market to fund Auckland's water and wastewater infrastructure. The transaction, which settled on 27 March, comprises two tranches: CHF100 million with a three-year tenor and CHF150 million with a nine-year tenor. Since becoming financially independent from Auckland Council on 1 July 2025, Watercare has raised about $1.5 billion in bond funding across domestic and offshore markets, including a $400 million domestic bond and an A$500 million Australian bond. Chief financial officer Angela Neeson said accessing the Swiss market allows Watercare to extend debt maturity and diversify its investor base. Watercare holds an Aa3 credit rating from Moody's and has repaid over $1 billion to the council since July 2025.

Itron collaborates with Watercare Services for New Zealand's largest smart water meter upgrade. Itron intelis(r) wSource meters to modernize Auckland's water network and reduce water loss. June 15, 2026 20:00 ET | Source: Itron, Inc. LIBERTY LAKE, Wash., June 15, 2026 (GLOBE NEWSWIRE) - Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, is working together with Watercare Services, New Zealand's largest water and wastewater utility, to modernize their water network by upgrading its existing mechanical meters with 100,000 Itron Intelis wSource digital water meters, as part of Watercare's plan to connect almost half a million smart meters in total across the Auckland region. This deployment represents one of the largest smart water metering upgrades in New Zealand and will give Watercare Services greater visibility into its network to accelerate leak detection and improve billing accuracy. "The Intelis wSource water meter will eliminate manual meter reads, support efficient operations, provide infrastructure insights and strengthen the utility's..." "We continue to identify new ways to conserve and protect the world's most vital water resources. In support of New Zealand's 2025 Water Services (Wastewater..." "The Intelis wSource water meter will eliminate manual meter reads, support efficient operations, provide infrastructure insights and strengthen the utility's..." "We continue to identify new ways to conserve and protect the world's most vital water resources. In support of New Zealand's 2025 Water Services (Wastewater..." "The Intelis wSource water meter will eliminate manual meter reads, support efficient operations, provide infrastructure insights and strengthen the utility's..." This digital transformation project supports Watercare's broader technology programme to modernize Auckland's water network and improve how data is used to manage assets, customer use and leak detection. With the integration of advanced sensors and analytics, Itron's solution positions Watercare to meet the evolving needs of its customers while improving resiliency. Itron's Intelis wSource meters use an NB-IoT network to deliver frequent and highly accurate consumption data. Built to operate for 15 years with minimal maintenance, even in Auckland's harsh marine environment, the meter provides reliable data transmission and long-lasting durability. Together, these capabilities will help improve operations, lower costs and create a more sustainable network. "We continue to identify new ways to conserve and protect the world's most vital water resources. In support of New Zealand's 2025 Water Services (Wastewater Environmental Performance Standards), our goal is to enable utilities, such as Watercare Services, to reduce real water losses across their network," said Justin Patrick, senior vice president of Device Solutions at Itron. "The Intelis wSource water meter will eliminate manual meter reads, support efficient operations, provide infrastructure insights and strengthen the utility's future infrastructure resiliency." About Itron Itron is transforming how the world manages energy, water and city services. Our trusted intelligent infrastructure solutions help utilities and cities improve efficiency, build resilience and deliver safe, reliable and affordable service. With edge intelligence, we connect people, data insights and devices so communities can better manage the essential resources they rely on to live and thrive. Join us as we create a more resourceful world: www.itron.com. Itron(R), the Itron Logo, and Intelis are registered trademarks of Itron, Inc. in the United States and other countries and regions. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated. For additional information, contact: Itron, Inc. Alison Mallahan Senior Manager, Corporate Communications 509-891-3802 [email protected] Paul Vincent Vice President, Investor Relations 512-560-1172 [email protected] Itron, Inc.

Ghella awarded further NZ wastewater tunnelling. Ghella completed tunnelling on the Central Interceptor in March last year. Fresh from delivering Auckland's Central Interceptor, Ghella has signed the contract for a new wastewater pipeline in the New Zealand city. Ghella will deliver the Herne Bay Collector - a 1.7km-long, 2.1m-diameter wastewater tunnel in Herne Bay that will connect into the Central Interceptor[https://www.tunnelsandtunnelling.com/news/tbm-makes-final-breakthrough-on-nzs-central-interceptor/] and reduce wet weather overflows into the Waitematā Harbour. The scope includes seven main shafts, three intermediate shafts, overflow connections to existing engineered overflow points, and a control chamber at Pt Erin Park. The chamber will connect the Herne Bay Collector into the Central Interceptor system, forming part of Auckland's wider wastewater network. The project will use the micro TBM previously deployed on the Central Interceptor link sewers. A large proportion of the original mTBM tunnelling team is now working on Herne Bay, with additional personnel transferring across from the Central Interceptor. Since last year, Ghella has been progressing detailed design following service location investigations. This year, focus has shifted to service relocations and enabling works under separate early works contracts, preparing the corridor for main construction activities. The project is particularly complex because of the urban setting in a densely populated and established waterfront suburb. With very few cross streets, challenging topography, and properties located just metres from the works, Ghella said careful planning and co-ordination was essential throughout delivery. The pipeline will be constructed beneath local streets at depths of 9-22m. The Herne Bay Collector is part of a wider programme of work building on the Central Interceptor, a 16.2km wastewater tunnel running from Herne Bay to Māngere. The southern half of the tunnel has been live since early 2025 and the northern half is due to go live in mid-2026, making the tunnel fully operational. The NZ$260m (€132m) Herne Bay Collector will capture wet weather overflows from some of Auckland's oldest combined wastewater and stormwater networks and direct them into the Central Interceptor for treatment at the Māngere Wastewater Treatment Plant. Watercare chief programme delivery officer Mark Crowle said the project was part of one of the most significant upgrades to wastewater infrastructure in Auckland's history. "Over the next 10 years, Watercare will invest approximately NZ$13.8bn (€7m) to improve the region's drinking water and wastewater infrastructure," he said. Ghella country director for New Zealand Rosario Barresi said the company was proud to continue its journey with Watercare through the Herne Bay project, building on the strong relationship established during the Central Interceptor "This contract reflects the trust built over time and a shared ambition to deliver meaningful outcomes for Auckland," he said. "Together, Tunnels & Tunnelling International is contributing to the protection of Auckland's coastal waters and helping to improve its beaches and surrounding areas for future generations. Construction is under way and the project is expected to be finished in late 2028. Give your business an edge with its leading industry insights.