Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


HBRC & consultants assess potential water storage investment

5 February 2014

HBRC appoints independent consultants to assess potential water storage investment

Hawke’s Bay Regional Council has appointed two independent consultants to assess the business case for the Ruataniwha Water Storage Scheme (RWSS) and identify and evaluate alternative investments.

HBRC is considering investing up to $80 million in water storage through its investment company HBRIC Ltd. Before making a final decision Council has previously advised it would seek independent assessment of the scheme and consult with the public.

The RWSS business case will be presented to Council later this month and professional services consultancy Deloitte has been contracted to undertake a peer review of it.

Meanwhile, Nimmo-Bell & Company Ltd has been awarded the contract to identity and evaluate alternative investments for HBRC.

The business case assessment will consider the financial feasibility of the investment, the return on investment and the risks. The alternative investment assessment will identify possible alternative investments and evaluate each of them.

HBRC Interim Chief Executive Liz Lambert says both consultants will provide Council with the independent advice it needs to help it decide whether or not to invest in RWSS.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Gordon Campbell: On Tiwai Point (And Saying “No” In Greece)

Its hard to see how Rio Tinto’s one month delay in announcing its intentions about the Tiwai Point aluminium smelter is a good sign for (a) the jobs of the workers affected or (b) for the New Zealand taxpayer. More>>

ALSO:

Half Empty: Dairy Product Prices Extend Slide To Six-Year Low

Dairy product prices continued their slide, paced by whole milk power, in the latest GlobalDairyTrade auction, weakening to the lowest level in six years. More>>

ALSO:

Copper Broadband: Regulator Set To Keep Chorus Pricing Largely Unchanged

The Commerce Commission looks likely to settle on a price close to its original decision on what telecommunications network operator Chorus can charge its customers, though it probably won’t backdate any update. More>>

ALSO:

Lower Levy For Safer Cars: ACC Backtracks On Safety Assessments

Dog and Lemon: “The ACC has based the entire levy system on a set of badly flawed data from Monash University. This Monash data is riddled with errors and false assumptions; that’s the real reason for the multiple mistakes in setting ACC levies.” More>>

ALSO:

Fast Track: TPP Negotiations Set To Accelerate, Groser Says

Negotiations for the Trans-Pacific Partnership will accelerate in July, with New Zealand officials working to stitch up a deal by the month's end, according to Trade Minister Tim Groser. More>>

ALSO:

Floods: Initial Assessment Of Economic Impact

Authorities around the region have compiled an initial impact assessment for the Ministry of Civil Defence, putting the estimated cost of flood recovery at around $120 million... this early estimate includes social, built, and economic costs to business, but doesn’t include costs to the rural sector. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news