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.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Police Authority: Use Of Taser Was Disproportionate And Unjustified

The Independent Police Conduct Authority has found that an officer’s second use of a Taser on a mentally unwell Hokitika man was disproportionate and unjustified. More>>


Gordon Campbell: On Holidays, Hekia Parata And Badlands

Hekia Parata, adieu. Reportedly, she’s been ‘passionate’ about education. She has “bravely’ led the charge on the government’s education reforms. In the past week , many of the postscripts to Hekia Parata’s career as Education Minister have sounded like a schoolteacher desperately trying to find some reason why a D student can be marked up to C minus. More>>


Minister of Finance: Plan Shows $100 Billion Infrastructure Projects

Finance Minister Bill English has today launched the Government’s Ten Year Capital Intentions Plan (CIP) which shows a pipeline of $100.9 billion worth of infrastructure projects over the next decade. More>>


Werewolf: Safe Landings Gordon Campbell on the safety challenge to the Wellington runway extension.

The safety-related legal challenge revolves around the size of the 90 metre long Runway End Safety Area (RESA) being proposed for the runway extension. More>>


Environment Commissioner: We Need To Work Together On Climate Change And Farming

“The debate around agricultural emissions and the ETS has been polarised for too long,” said the Commissioner. “But the ETS is not the only way forward – there are other things that can be done.” More>>


NZ Super Fund: Seeking To Put A Market Price On Climate Change

Oct. 19 (BusinessDesk) - The New Zealand Superannuation Fund says it will devise a set of rules to assess investment winners and losers under climate change, a strategy that could rule out fossil fuels or producers such as current portfolio member Exxon ... More>>


Rejuvenation: Parata Will Not Contest 2017 Election

Education Minister and National List MP Hekia Parata has today announced that she will not be contesting the next election. She advised the Prime Minister of her decision earlier this year. More>>

Prisons Grow: Government Approves Plans For Increased Prison Capacity

Despite significant progress in reducing crime the number of prisoners has increased faster than projected. This is because the proportion of offenders charged with serious crimes has risen, meaning more people are being remanded in custody and serving more of their sentences in prison. More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news