Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 


Irrigation Investment Announcement Welcomed


Media Release
23 January 2013

Irrigation Investment Announcement Welcomed

Hawke’s Bay Regional Council Chief Executive Andrew Newman has welcomed today’s announcement that the Government is to earmark $80 million for irrigation investment in the next 12 months.

The Government is establishing a company to act as a bridging investor for regional water infrastructure development. In 2011 it signalled plans to invest up to $400 million in regional-scale schemes to encourage third-party capital investment. Cabinet has now directed that $80 million be set aside in this year’s Budget for the initial stages of the company’s operation.

Hawke’s Bay Regional Council, through its investment company, Hawke’s Bay Regional Investment Company Ltd (HBRIC Ltd) is currently in the consenting phase of a large water storage project in Central Hawke’s Bay, which has the potential to open up a further 25,000 hectares of land for farming while improving the water quality and flows in the Tukituki River. HBRIC Ltd is also working with BNZ Advisory on securing investors for the project and undertaking further activity to promote the stored water to potential irrigators.

The feasibility phase of the project, which was completed last year, received more than $2 million dollars in funding from the Ministry of Primary Industries’ Irrigation Acceleration Fund. The feasibility project assessed the water quality and flows of the Tukituki River. It also looked at the potential land uses in the area and whether the project could operate within the regulatory limits for phosphorous and nitrogen.

Andrew Newman says HBRC has had an extremely good relationship with the Government on the project through the Ministry of Primary Industries.

He says the establishment of the new Government company and earmarking of funding is welcome news.

“A large project like this needs a number of investors and this decision demonstrates the economic value the Government places on water storage projects such as the Ruataniwha scheme,” says Mr Newman.

A final decision on whether or not the scheme is built is anticipated in early 2014.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Gordon Campbell: On The Ombudsman’s Verdict On Paula Rebstock And Ian Rennie

Unfortunately, the brave and damning report by Ombudsman Ron Paterson on the “flawed” and “unfair” inquiry conducted by Dame Paula Rebstock into events at MFAT pulls back the veil on a far wider issue. More>>

ALSO:

Charities' Report: Stressed Families - Overstretched Services

“Like so many of the whānau and families they serve social service organisations are under huge financial stress. The support demanded from desperate people in communities is far outreaching the resources available.” More>>

ALSO:

Detention: Wellingtonians Protest Treatment Of Refugees

Peace Action Wellington (PAW) and around 50 Wellingtonians blockaded the Australian High Commission, creating a symbolic detention centre to protest the Australian Government's policy of mandatory offshore detention for refugees and asylum seekers. More>>

ALSO:

Diver's Alarums: Breach Means Training Provider Must Repay $1.47 Million

The New Zealand School of Outdoor Studies is to repay $1.47 million (GST-exclusive) to the Tertiary Education Commission (TEC) following an investigation which showed that some student enrolments between 2009 -2014 could not be validated and that courses were under-delivered against their agreement with the TEC. More>>

ALSO:

Education: Government Plans Suggest Bulk Funding Return

Plans by the Government to return to bulk funding are likely to see increased class sizes and schools most in need missing out on much-needed resources, Labour’s Acting Education spokesperson Grant Robertson says. More>>

ALSO:

Interim Report: Auckland Looks Long Term To Pay-Per-Km Road Pricing

Aucklanders can expect to be paying variable rates per kilometre to travel on the city's most congested roads under an emerging transport strategy being formulated by the government and the Auckland Council. More>>

ALSO:

Despite Promises: Government Extends Iraq Deployment

Cabinet has agreed to extend New Zealand’s contribution to the joint New Zealand-Australia mission to train Iraqi Security Forces until November 2018. More>>

ALSO:

On The 'Terrorism' Card:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news