Water Recommendations Positive

Media release
15 November 2012

Water Recommendations Positive

The third report of the Land and Water Forum brings useful recommendations for improving New Zealand’s freshwater management, says BusinessNZ.

Chief Executive Phil O’Reilly said water was essential for many business activities which drive New Zealand’s economy and on which many New Zealanders rely for employment and income growth.

“Businesses require the confidence to invest in infrastructure and other capital projects knowing their rights to use water are clearly understood and secure.

“Investors are risk averse and any changes in the right to take or use water over time need to be clearly understood.

“It is important that transfer and trade in water rights are facilitated to the extent possible allowing water to move to its highest valued use, without unnecessary restrictions from regulators.”

ENDS

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