Government sets up fund to get water projects over the line

Wed, 23 Jan 2013

Jan. 23 (BusinessDesk) - The government is setting up a fund to play a “bridging role” for investments in regional water storage and irrigation projects to facilitate private investment. A yet-to-be-named Crown-owned company will take minority stakes in water projects with a long-term goal of getting out and leaving the projects to the private sector. While the government hopes to "get our money back", Prime Minister John Key suggested there was no expectation of dividends and that the scheme was intended to accelerate investment that might o...

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