Proposed Ruataniwha Dam Update

March 11, 2015 at 3:02 pm

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.

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Gruinard Station – Sold at Auction Silver Fern Farms Hawke’s Bay Farmer of the Year 2015


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