Sydney Water

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Sydney Water
Sydney water logo.png
Sydney Water logo
State-owned statutory corporation overview
Formed 1 July 1995
Dissolved Water Board
Jurisdiction Greater Metropolitan Sydney, Illawarra and the Blue Mountains
Headquarters 1 Smith Street, Parramatta, New South Wales, Australia
Minister responsible Dominic Perrottet, Minister for Finance and Services
State-owned statutory corporation executives Kevin Young, Managing Director
Bruce Morgan, Chairman
Parent State-owned statutory corporation Government of New South Wales
Website www.sydneywater.com.au

Sydney Water or formally, Sydney Water Corporation, is a New South Wales Governmentowned statutory corporation that provides potable drinking water, wastewater and some stormwater services to Greater Metropolitan Sydney, the Illawarra and the Blue Mountains regions, in the Australian state of New South Wales. Sydney Water has historically held a monopoly over the supply of water within the Sydney region, although legislation has recently[when?] been passed to open the market to competition.

Name changes[edit]

The origins of Sydney Water go back to the 26 March 1888 when the Metropolitan Water and Sewerage Amendment Act, 1888 (NSW) was enacted and repealed certain sections of the Sydney Corporation Act, 1879 (NSW) relating to water supply and sewerage, thereby transferring the property, powers and obligations from the Municipal Council to the Board of Water Supply and Sewerage.[1]

The forebears of Sydney Water include:

  • Board of Water Supply and Sewerage (1888 – 1892)[1]
  • Metropolitan Board of Water Supply and Sewerage (1892 – 1925)[1]
  • Metropolitan Water Sewerage and Drainage Board (1925 – 1987)[2]
  • Water Board (1987 – 1994)[2] which had also been the colloquial name for the organisation for much of its history in the 20th century, and persists among longer term employees and older members of the community to this day
  • Sydney Water Corporation Limited (1995 – 1999)[3]
  • Sydney Water Corporation (1999 – present) - with "Limited" being dropped when the corporation changed from a state owned limited company to a statutory state-owned corporation.

Water supply management[edit]

Sydney Water's management suffered an enormous amount of criticism following the 1998 Sydney water crisis that was believed to be the large scale contamination of Sydney's raw water supply. The supposed contamination was heightened levels of cryptosporidium and giardia in Sydney's Warragamba Dam. This meant the public had to take extra steps in their own homes to ensure tap water was safe to drink.[4] After this event, the Sydney Catchment Authority was created to manage Sydney's dams, reservoirs, raw water and catchment areas. The Chairman of Sydney Water, David Hill resigned ten days after the crisis and denied any responsibility, claiming he was leaving only to concentrate on his political career.[5]

Relocation[edit]

Its headquarters relocated to Parramatta in May 2009.[6] The developer, Brookfield Multiplex, valued the project at A$176 million.[7]

Desalination[edit]

In early 2010 operations of the Sydney Desalination Plant began;[8] with a licence granted to Veolia Water Australia Pty Ltd to operate the plant and supply Sydney Water with drinking water. In 2012, the NSW Government entered into a 50–year lease with Sydney Desalination Plant Pty Ltd (DSP), a company jointly owned by the Ontario Teachers' Pension Plan Board (50%) and two funds managed by Hastings Funds Management Limited: Utilities Trust of Australia and The Infrastructure Fund (together 50%).[9] The terms of the A$2.3 billion lease lock Sydney Water into a 50–year water supply agreement with DSP.[10]

References[edit]

External links[edit]