Deloitte says Hawke’s Bay council’s Ruataniwha scheme assumptions are ‘reasonable’

Thu, 24 Apr 2014

By Suze Metherell April 24 (BusinessDesk) – A Deloitte review of the Hawke’s Bay Regional Council’s proposed $80 million investment in the $265 million Ruataniwha Water Storage Scheme is satisfied with the business plan, provided uptake by users is timely. The Deloitte peer review of Hawke’s Bay Regional Investment Company’s business plan found the proposed up front capital infrastructure investment, overall cash flow and ownership model and risk management to be reasonable, but flagged the risk of slow customer uptake in the irrigation schem...

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