Ruataniwha irrigation scheme promoter confirms preferred private investor close to selection

Wed, 24 Feb 2016

By Pattrick Smellie Feb. 24 (BusinessDesk) - A preferred private sector investor in the Ruataniwha water storage scheme is close to selection, says its primary backer, the Hawke's Bay Regional Investment Co. HBRIC confirmed media reports earlier in the week that suggested a preferred private investor is about to start due diligence on the $275 million project, which would create a 93 million cubic metre reservoir to store water in the upper Makaroro river to improve river flows for agricultural use in the Tukituki River catchment. Infr...

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