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

 


Ruataniwha Business Case Peer Reviewed by Deloitte

Media Release
24 April 2014

Ruataniwha Business Case Peer Reviewed by Deloitte

Hawke’s Bay Regional Council will consider the Ruataniwha Water Storage Scheme Investment Statement of Proposal at its meeting next week on Wednesday 30 April.

The Statement of Proposal forms the basis for public consultation.

In making its final decision on whether or not to invest in the large irrigation scheme for Central Hawke’s Bay, Regional Councillors will be considering a range of reports including a Deloitte peer review of the HBRIC Ltd business case that recommends investment.

The final Deloitte report will be provided to Council next week, and Regional Councilllors will have the opportunity to formally receive it at their 28 May meeting.

Deloitte has provided an interim presentation of its findings to the HBRC Corporate & Strategic Committee meeting on 16 April.

In summary, Deloitte is satisfied that the assumptions used in the HBRIC Ltd business case are reasonable. These include the up-front capital investment in the physical infrastructure, the business model that drives the operating cash flows necessary to provide the investor returns, the ownership model, the investment structure that allocates capital, risk and return to different investors, and demand, ie how long it takes to get to full uptake.

Deloitte is also satisfied with the way the financial model has been constructed and the returns that have been calculated within that business case.

Deloitte has identified the key risk to the project as the length of time being taken to get to full uptake of water, although they recognise that demand will eventually outstrip availability as the demand for water continues to increase.

The Deloitte peer review is part of the comprehensive package of information being considered by Hawke’s Bay Regional Council as it moves towards a final decision on its investment in the water storage scheme over the coming months.

The Regional Council meeting agenda for 30 April is now available online at http://www.hbrc.govt.nz/About-your-Council/Pages/Meetings--Agendas.aspx

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Cosmetics & Pollution: Proposal To Ban Microbeads

Cosmetic products containing microbeads will be banned under a proposal announced by the Minister for the Environment today. Marine scientists have been advocating for a ban on the microplastics, which have been found to quickly enter waterways and harm marine life. More>>

ALSO:

NIWA: 2016 New Zealand’s Warmest Year On Record

Annual temperatures were above average (0.51°C to 1.20°C above the annual average) throughout the country, with very few locations observing near average temperatures (within 0.5°C of the annual average) or lower. The year 2016 was the warmest on record for New Zealand, based on NIWA’s seven-station series which begins in 1909. More>>

ALSO:

Farewell 2016: NZ Economy Flies Through 2016's Political Curveballs

Dec. 23 (BusinessDesk) - New Zealand's economy batted away some curly political curveballs of 2016 to end the year on a high note, with its twin planks of a booming construction sector and rampant tourism soon to be joined by a resurgent dairy industry. More>>

ALSO:


NZ Economy: More Growth Than Expected In 3rd Qtr

Dec. 22 (BusinessDesk) - New Zealand's economy grew at a faster pace than expected in the September quarter as a booming construction sector continued to underpin activity, spilling over into related building services, and was bolstered by tourism and transport ... More>>

  • NZ Govt - Solid growth for NZ despite fragile world economy
  • NZ Council of Trade Unions - Government needs to ensure economy raises living standards
  • KiwiRail Goes Deisel: Cans electric trains on partially electrified North Island trunkline

    Dec. 21 (BusinessDesk) – KiwiRail, the state-owned rail and freight operator, said a small fleet of electric trains on New Zealand’s North Island would be phased out over the next two years and replaced with diesel locomotives. More>>

  • KiwiRail - KiwiRail announces fleet decision on North Island line
  • Greens - Ditching electric trains massive step backwards
  • Labour - Bill English turns ‘Think Big’ into ‘Think Backwards’
  • First Union - Train drivers condemn KiwiRail’s return to “dirty diesel”
  • NZ First - KiwiRail Going Backwards for Xmas
  • NIWA: The Year's Top Science Findings

    Since 1972 NIWA has operated a Clean Air Monitoring Station at Baring Head, near Wellington... In June, Baring Head’s carbon dioxide readings officially passed 400 parts per million (ppm), a level last reached more than three million years ago. More>>

    ALSO:

    Get More From Scoop

     
     
     
     
     
     
     
     
    Business
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news