Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Big cracks appear in Ruataniwha dam project

Big cracks appear in Ruataniwha dam project

The Ruataniwha dam is looking increasingly risky following Trustpower pulling its share of a proposed $106 million investment and with only 40 per cent of potential water users expressing interest the Green Party said today.

Yesterday Trustpower announced it would no longer be investing in the dam due to limited uptake making it too much of a risky investment. Another potential investor, Ngai Tahu, has imposed a number of conditions on its spend.

“Trustpower’s exit from the dam project signals that this project is not viable without massive public subsidies from the Hawke’s Bay Regional Council and the Government’s Crown Irrigation Company,” said Green Party water spokesperson Eugenie Sage.

“With private investment looking uncertain, the Council’s investment company shouldn’t be asking the public to prop up this risky project.

“The project doesn’t stack up economically, environmentally and half of the proposed jobs the proponents are trumpeting are uncertain.”

The business case considered by the Council this week makes it clear that job predictions are based on the assumption a new dairy processing factory will be built in the region. An update to the economical modelling highlights job numbers from processing and processing support have ‘high uncertainty’.

“Despite a highly critical submission from the Department of Conservation being suppressed, it is clear that the proposal will lead to more pollution of the Tukituki River,” said Ms Sage.

“The Hawke’s Bay Regional Council needs to pull the plug on this risky project and say no to the more than $80 million its investment company wants from the Council.”
Ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PARLIAMENT TODAY:

Transport Report: LGNZ Calls For Proactive Approach To Mobilise Regions

LGNZ has today released Mobilising the Regions, its major transport study, which highlights the economic and social impact of strategic transport decisions nationally and in the regions, and the direct link between regional development, national prosperity, social well-being and cohesiveness. More>>

ALSO:

Transport: New Rules Bring Double-Deckers To Our Cities

New rules that allow buses, including double-deckers, to carry more people will ramp up the public transport offering in our cities, Transport Minister Simon Bridges and Associate Transport Minister Craig Foss say. More>>

ALSO:

Cycling:


Images & Video: Four Alternative Flags For Referendum

Flag Consideration Panel chair, Professor John Burrows, said the Panel’s decision had been guided first and foremost by the results of its engagement programme across a range of communities where thousands of Kiwis shared what was special about New Zealand, as well as the Panel’s own selection criteria. More>>

ALSO:

Labour: New Figures Show Speculators Rampant

New figures released by the Reserve Bank show there’s been an explosion in mortgage lending with most of the growth going to property investors, Labour’s Housing spokesperson Phil Twyford says. More>>

ALSO:

False Official Information Response: English's Apology Accepted

Finance Minister Bill English is being thanked for his apology to New Zealand First Leader and Member of Parliament for Northland Rt Hon Winston Peters... Mr English says his staff and the Treasury have searched again, and they found the document that they denied having. More>>

ALSO:

Midwives On Pay Equity: Historic Bill Of Rights Case For High Court

“We have been left with no choice.” That from Karen Guilliland, the Chief Executive of the New Zealand College of Midwives, as the organisation prepares to file a pay parity discrimination case on the basis of gender under the NZ Bill of Rights Act in the High Court. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news