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

InternetNZ On Snowden Docs: Mass Collection Of Pacific Data Affects Kiwi Holidaymakers

The allegation that New Zealand has conducted mass data harvesting on its Pacific Island neighbours raises concerns about New Zealanders’ communications being collected, says InternetNZ.

“If the allegations are correct, then New Zealand would be mining data about everyone in the Pacific Islands named in the allegations. That’s everyone. Not just individuals who attract specific surveillance warrants, but everyone. This means local residents to visiting Kiwi tourists could be having their data collected." More>>

 

PARLIAMENT TODAY:

Teina Pora Wins Appeal: Gordon Campbell On The Privy Council Decision

The quashing of the convictions of Teina Pora for the rape and murder of Susan Burdett in 1992 has shone a spotlight once again on a major gap in the New Zealand justice system... More>>

ALSO:

Urgent Bill Planned: MP Pay Rises To Match Public Service

Prime Minister John Key today announced an overhaul of the Remuneration Authority Act, tying MP salaries to those of the wider public sector, which will be passed under urgency. More>>

ALSO:

PM's Press Conference: MP Pay Rises, Solid Energy, Iraq

Prime Minister John Key answered questions in his Post-Cabinet press conference about the Iraq deployment, Solid Energy and National’s decision to overhaul the Remuneration Authority Act. More>>

ALSO:

Worksafe: MSD Charged Over Work And Income Ashburton Shooting

WorkSafe NZ has laid one charge against the Ministry of Social Development (MSD) in relation to the shooting at the MSD Ashburton office on 1 September 2014 in which two Work and Income staff were killed and another was injured. More>>

ALSO:

Iraq: Ex-Hostage Says Government Not Putting NZers, Iraqis First

Harmeet Singh Sooden is travelling to Iraq in the coming weeks to work with Christian Peacemaker Teams (CPT) on a short-term assignment. More>>

ALSO:

Joint Statement: Australia-New Zealand Leaders’ Meeting

Prime Minister Key warmly welcomed Prime Minister Abbott and Mrs Abbott to New Zealand. The visit has enabled wide-ranging and substantive discussion that has underlined the strength, value, diversity and warmth of our trans-Tasman relationship. More>>

ALSO:

Press Conference: Peters To Stand In Northland By-Election

New Zealand First Leader Winston Peters has announced his intention to stand in the Northland by-election, citing his own links to the electorate and ongoing neglect of the region by central government. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news