A secure future through improved water management
Waimea Irrigators Limited was formed with the purpose of establishing, in conjunction with Tasman District Council, Nelson City Council and other stakeholders, a long-term solution to the region’s water shortages.
We are passionate about supporting water users, big and small, on the Waimea Plains and surrounding areas. We know that having access to the right amount of water at the right time is essential to grow our local economy, and provide jobs and opportunities for future generations.
First 50% payment of water shares purchase price due date: ASAP
Remember, your first payment of 50% of the water shares sits in trust until the Dam project reaches financial close and all parties sign off that the project is going ahead.
What is financial close? It is the term WIL and Tasman District Council are using to describe the date when all parties, including Crown Irrigation Investments Limited, agree all criteria have been met to secure funding for the project and agreed to the project scope and costs. This is expected to be in June 2018.
Application fee due date: ASAP, payments are now overdue.
If you have not already done so, deposit the application fee into WIL's bank account as per the instructions in the Product Disclosure Statement.
Issue date of water shares: 2 July – 6 July
This date is subject to the Offer being confirmed by Waimea Irrigators following financial close.
Call for second instalment of 25% payment of water share purchase price: 1 July 2018
This is the Call Date, and if the project goes ahead as planned this date will hold. If the project is delayed for any reason, this Call Date may be some other later date as the WIL Board determines. Shareholders will be notified of the final call date for the second instalment.
Call for third instalment of 25% payment of water share purchase price: 1 July 2019
|Key Milestone||Target Date|
|Preferred contractor identified||December 2017 (completed)|
|Detailed Design||March 2018|
|Award Contract||June 2018|
|Commence Contruction||July 2018|
|Scheduled Scheme Completed||December 2021|
|Scheme Operational||April 2022|
SHARE YOUR FEEDBACK ON THE PDS PROCESS
We have never done anything like producing and distributing a Product Disclosure Statement before! It was quite a process but we feel it worked pretty well.
We'd love to hear your feedback on anything you want to share so that we can take on board any lessons learned.
For more information please contact Natasha Berkett, Project Manager for Waimea Irrigators Limited at firstname.lastname@example.org.
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More information on the Waimea Community Dam is available at www.waimeawater.nz.