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

 


Irrigation funding to help economy, environment

Hon Nathan Guy
Minister for Primary Industries

15 May 2014

Irrigation funding to help economy, environment

The Budget’s $40 million of new funding for irrigation projects will deliver economic and environmental benefits for New Zealand, Primary Industries Minister Nathan Guy says.

“This will help unlock the potential that water storage and irrigation can deliver, giving a real boost to jobs and exports in regional economies,” he says.

“This new capital funding of $40 million comes from the Future Investment Fund and will be used to purchase shares in Crown Irrigation, enabling it to make further investments. It is in addition to $80 million allocated in last year’s Budget.

“If current proposals are advanced there could be a further 420,000 hectares of irrigated land available for a variety of uses over time. Research from NZIER suggests that exports could be boosted by around $4 billion a year by 2026.

“Irrigation often has real environmental benefits, with more consistent river flows in summer and reduced pressure on ground water sources.

“Only 2 per cent of rainfall in New Zealand is captured and used for irrigation. Clearly we need to do a better job of using this precious resource.

“After the extreme drought most of the country suffered last year, and the one earlier this year in Northland and Waikato, the need for better water storage is obvious,” Mr Guy says.

Crown Irrigation makes targeted bridging investments in irrigation schemes that would not be established with private finance alone. All decisions are made by an independent board.

Last month, Crown Irrigation announced its first investment, with $6.5 million going towards the Central Plains Water Scheme in Canterbury.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Sugar: Auckland Leisure Centres Axe Unhealthy Drinks

Auckland Council is to stop selling drinks that are sweetened by sugar from vending machines at its leisure centres in a bid to try to reduce obesity and type 2 diabetes... More>>

ALSO:

Gordon Campbell: On Todd McClay’s Faulty Memory

Time and again, whenever an issue arises the initial response by government is to deny or diminish the problem – nothing to worry about here, everything’s OK, move on. Then, hang on. In line with the usual pattern, as embarrassing details emerged into daylight, the story changed. More>>

ALSO:

Labour's 'Future Of Work': Major Reform Of Careers And Apprenticeships

The next Labour Government will transform careers advice in high schools to ensure every student has a personalised career plan, Leader of the Opposition Andrew Little says. More>>

ALSO:

State Investments Management: Treasury Likes IRD, Not Education Or Corrections

The Inland Revenue Department has scored an 'A' in the first tranche of the Treasury's investor confidence rating for state agencies that manage significant Crown investments and assets, gaining greater autonomy as a result, while the Corrections and Education ministries gained a 'C' rating. More>>

ALSO:

Govt Goal: NZ To Be "Predator Free" By 2050

Prime Minister John Key has today announced the Government has adopted the goal of New Zealand becoming Predator Free by 2050... “That’s why we have adopted this goal. Our ambition is that by 2050 every single part of New Zealand will be completely free of rats, stoats and possums." More>>

ALSO:

Gordon Campbell: On The IOC’s Treatment Of Russian Sport, And Lone Wolf Terrorism

A blanket ban on Russian athletes would also have exposed the IOC to criticism that its treatment of Russia would have been marked contrast to its treatment say, of the track and field team from Kenya – a country about which the IOC has very similar doping concerns. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news