$7m boost to Hunter Downs scheme

SAHIBAN KANWAL
Last updated 10:42 06/06/2014

Relevant offers

Agribusiness

Innovation Series: Zespri strategy includes robots and anti-counterfeit app Back off big companies: farmers own their farm data Slow and steady the best mix for commodity and value added dairy prices Fonterra ready to roll out nationwide testing for palm kernel Farmers encouraged to look at farm forestry for another income earner Longtime sheep and beef farmers make a fresh start in North Canterbury Employers hiring Recognised Seasonal Employer scheme workers hit with improvement notices for employment law breaches Advocates claim clearer guidelines needed for Recognised Seasonal Employer scheme worker deductions Meetings planned to push for solutions around industry progression Decision on future farm system for Owl Farm to be made next year

The Government has promised $7m in viability funding for the Hunter Downs Irrigation Scheme in South Canterbury.

Primary Industries Minister Nathan Guy said if the scheme proved to be viable, it had the potential to increase income in the Waimate and Timaru Districts by $830 million per annum and create 1800 jobs.

''The Government's Acceleration Funds will provide over $7m over two years to co-fund technical investigations and design work to determine if an irrigation scheme is viable, both from a technical and economic perspective.''

The government funding will be matched by shareholders equity and the scheme's partner, Meridian Energy.

If viable, the scheme will draw water from the Lower Waitaki River and depending on the outcome of the investigation, construction could begin late 2016 and be completed by the end of 2019.

Hunter Downs Irrigation has consents to irrigate up to 40,000 hectares of South Canterbury farmland north of the Waitaki River.

Last month irrigation schemes were given a $40m boost in the Budget. The money came from the Future Investment Fund and was used to buy shares in Crown Irrigation, Primary Industries Minister Nathan Guy announced.

The funding came on top of $80m provided in last year's Budget.

Ad Feedback

- The Timaru Herald

Special offers

Featured Promotions

Sponsored Content