Archive for March, 2015

Proposed Ruataniwha Dam Update

The Hawke’s Bay Regional Investment Company (HBRIC) has extended its financial closure date from 31 March to 30 June 2015.  The target for HBRIC is around 40,000,000m³ of water in order to obtain institutional investment in the scheme.  An HBRIC report advised current levels of farmer uptake is approximately 9,620,000m³ of water with further contracts written but yet to be signed.  More urgently HBRIC requires $3.3 million in funding to keep the project going, of which $2 million is required urgently for geotechnical work to be undertaken at the dam site.  The project has faced delays through an ongoing legal challenge to its consents and a related environmental plan change for the Tukituki catchment.  There is an expectation that once resource consent issues are finalised, famer uptake will increase significantly.

March 11, 2015 at 3:02 pm


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