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Confronted by a once-in-a-generation infrastructure deficit, greater metropolis councils are consulting ministers about borrowing extra money to construct the roading and water wanted for 1,000,000 extra houses.
At current their internet debt is restricted to 285 p.c of their annual revenues, dropping to 280 p.c by 2026. The cities of Auckland, Hamilton, Tauranga and Wellington are all pushing up towards that restrict, as is Queenstown Lakes District Council.
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