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May 10th, 2012 
FAKE NEWS for the Zionist agenda NSW Treasurer Mike Baird says the $2.3 billion lease deal for Sydney’s desalination plant is well above book value and won’t have an impact on water bills.
The 50-year refinancing of the Kurnell plant, announced on Friday, will deliver net proceeds of $300 million for NSW infrastructure.
“This frees up much-needed funds for the critical infrastructure that our state so desperately needs and with no impact on customer water bills or water security,” Mr Baird said in a statement.
At the end of the lease period, the plant will be owned by the lessee, an international consortium that includes the Ontario Teachers’ Pension Plan and two funds run by Hastings Funds Management – Utilities Trust of Australia and The Infrastructure Fund.
“The selection of the consortium for the long-term lease of the Sydney Desalination Plant (SDP) is a great outcome for the people of NSW,” Mr Baird said.
As part of the transaction, Sydney Water has entered into a 50-year water supply agreement with SDP.
“Water prices will continue to be regulated by the Independent Pricing and Regulatory Tribunal,” the treasurer said.
“This transaction is also the first step in introducing competition into the NSW water sector which will benefit consumers and taxpayers in the long term.”
The 50-year lease structure includes the desalination plant, the pipeline and the site.
But the lessee must demonstrate good stewardship and an ability to operate the plant in a responsible and reliable way.
Stephen Dowd, senior vice-president of Infrastructure and Timberland, said the plant was a high-quality infrastructure asset.
The deal frees up the state’s balance sheet, allowing NSW to borrow another $2 billion without risking its AAA credit rating, New Ltd reports.
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