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

 

Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>

ALSO:

Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>

ALSO:

Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>

ALSO:

Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

ALSO:

With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

ALSO:

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news