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 Populism And Labour 2017

For many people on the centre-left, populism is a dirty word, and a shorthand for the politics of bigotry. In this country, it has tended to be equated with the angry legions of New Zealand First. Who knew they were not just a reactionary spasm, but the wave of the future?

Certainly, at the end of this week, the next US President will have won office (at least in part) thanks to his proven ability at (a) scapegoating refugees and migrants (b) wooing neo-Nazis and racial supremacists (c) attacking journalists and judges (d) threatening to jail his opponents (e) urging nuclear proliferation and (e) by promising to restrict women’s rights to control their own fertility.

On the face of that campaign record, there wouldn’t seem to be much in common between Donald Trump and say, Spain’s centre-left populist party, Podemos. Yet arguably, the similarities could be instructive for the Labour/Green partnership here. More>>

 
 

Oxfam: 30% Of NZ Owns Less Wealth Than Our Two Richest Men

The research also reveals that the richest one per cent have 20 per cent of the wealth in New Zealand, while 90 per cent of the population owns less than half of the nation’s wealth. The research forms part of a global report released to coincide with this week’s annual meeting of political and business leaders at the World Economic Forum in Davos, Switzerland. More>>

ALSO:

Hospitals: Resident Doctors Set To Strike Again

Despite discussions between the DHBs and NZRDA over safer hours for resident doctors progressing during the last week, the strike planned for next week appears set to proceed. More>>

ALSO:

Not So Super Fund: More Burning Ethical Questions For Steven Joyce

Greens: Radio New Zealand reported this morning that the New Zealand Superfund has $77 million invested in 47 coal companies that the Norwegian Government’s Pension Fund – the largest sovereign fund in the world – has blacklisted. More>>

Activism: Greenpeace Intercepts World’s Biggest Seismic Oil Ship

Greenpeace crew have made contact with the world’s biggest seismic oil ship after travelling 50 nautical miles on two rigid-hulled inflatables off the coast of Wairarapa... Greenpeace radioed the master of the Amazon Warrior to deliver an open letter of protest signed by over 60,000 New Zealanders. More>>

ALSO:

Gordon Campbell: Why Tax Cuts In 2017 Would Be A (Proven) Bad Idea

Ever since the world fell prey to the mullahs of the free market in the 1980s, no amount of real world evidence has managed dispel one key tenet of their economic faith. Namely, the idea that if you cut income taxes and taxes on small business, a wave of individual enterprise and entrepreneurial energy will thus be unleashed, profits will rise and – hey bingo! – the tax cuts will soon be paying for themselves ... More>>

Liquor Sponsorship: Researchers Call For Ban On Alcohol Sponsorship Of Sport

“Due to alcohol sponsorship of sport, New Zealanders, including children, were exposed to up to 200 ads per hour they watched televised sport, and people watching football and tennis saw alcohol ads for almost half of each game,” says Associate Professor Signal. More>>

ALSO:

Mt Albert: Ardern For Labour, Genter For Greens

At the close of nominations, Jacinda Ardern was the sole nomination received for the position of Labour’s candidate for the Mt Albert by-election, says Labour General Secretary, Andrew Kirton. More>>

ALSO:

Earlier:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news