Emergency debt cap hike for water corporations 

A BRIEF requesting approval of a total of $36.5 million in additional debt across four Victorian water corporations has been approved - including Wannon Regional Water Corporation with a debt increase from $19 million to $37.5 million due to a cost blowout on the Warrnambool Sewage Treatment Plant project. Photo: GLENN GUY.
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THE Victorian Government has been forced to approve an emergency increase to the debt caps of four Victorian water corporations – including Wannon Water - following project cost blowouts and revenue shortfalls.

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