To secure a 100-year water supply for Tasman and Nelson through the Waimea Community Dam, a group of local businesses has committed to invest $11 million in Waimea Irrigators Limited.
The Waimea Community Dam project will continue, thanks to a revised funding proposal that reduces the cost and risk to ratepayers of proceeding.
Waimea Irrigators Limited (WIL) is shocked the Waimea Community Dam is not going ahead after Tasman District Council decided today it would no longer continue planning for the Dam.
Claims about storage ponds being a viable alternative to the Waimea Community Dam are ludicrous, says Waimea Irrigators Limited (WIL) Chair Murray King.
The project office is in the final stages of the pricing process for the proposed Waimea Community Dam and early indications are there will be significant challenges to remain within the estimated cost, Tasman Mayor Richard Kempthorne said this morning.
The Tasman District Council has today announced it will lodge a Local Bill with Parliament to secure access to Department of Conservation land needed for the Waimea Community Dam.
The Tasman District Council will consider promoting a Local Bill in Parliament to gain access to Crown land needed for the reservoir that will be formed by the Waimea Community Dam.
The Waimea Community Dam has even more financial certainty today following the commitment of Waimea Plains landowners to purchase more than 3,000 water shares – raising $16.5 million of equity – in the initial public offering of Waimea Irrigators Limited.
Commitments for water shares in Waimea Irrigators Limited’s offer that closed yesterday have exceeded 90 percent, giving the organisation’s leaders confidence they will reach their goal. Undecided landowners are now being urged to apply for water shares while the share price remains at the low initial offer for a further week until 12 April.
Although the Government announced yesterday it will be winding down public funding for large-scale irrigation projects, it confirmed its existing agreement for funding of the Waimea Community Dam.
Although applications for Waimea Irrigators Limited’s (WIL) water share offer have been increasing significantly in the last couple of weeks, feedback about the need for additional time has led WIL to extend the closing date by two weeks until 5 April 2018.
MP Nick Smith featured in the Waimea Weekly this week, using his Nelson Matters column to outline the benefits of the Waimea Community Dam.
The effort to inform Waimea Plains landowners about the offer to purchase water shares in Waimea Irrigators Limited (WIL) has started strongly. Ambassadors report positive feedback from potential shareholders and applications for shares have already been received. However, misunderstanding exists for some landowners about the water take changes coming in November 2018.
Waimea Irrigators Limited (WIL) has publicly released a Product Disclosure Statement for the Offer of Water Shares, which opened yesterday and is publicly available for irrigators on the Waimea Plains to consider.
Today’s announcement from the Government that Tasman District Council has been granted $7 million from the Ministry for the Environment’s Freshwater Improvement Fund is great news for the Waimea River, says Waimea Irrigator’s Limited Chairperson Murray King. The funding will go towards the construction of a dam that will be used to increase minimum flows in the Waimea River, resulting in a positive effect for adult trout, small trout, eels, torrentfish, koaro, upland bully and food producing habitat.