Rt Hon JACINDA ARDERN: This was actually the analysis that I spoke to yesterday, and it's one of the reasons that we have been undertaking the three waters reforms. It was instigated by the fact that we had a community who was devastated by such a significant failure in the provision of safe drinking water, and when we then took a look across the water infrastructure across the country, we saw consistent lack of investment—for a number of reasons, but consistent lack of investment. The current local government investment rate is about $1.5 billion annually, or $45 billion over the next 30 years, and as the member has just highlighted, analysis suggests that over the next 30 to 40 years, it could need to be between $120 billion and $185 billion.