Hawke’s Bay Regional Council will await advice from its investment company, HBRIC Ltd before it decides its next step on the Ruataniwha Water Storage Scheme.
The Supreme Court has today announced its decision on a conservation land exchange, which is required for the Ruataniwha Water Storage Scheme to go ahead.
Hawke’s Bay Regional Council Chairman Rex Graham says the Council’s investment company is analysing the decision and the Council needs to await advice from it before it can decide what happens next.
He says the Council committed to funding the scheme three years ago; however, a new long term planning cycle is getting underway, along with a capital review, which will examine all the Council’s investments.
6 July 2017
Disclaimers and Copyright
While every endeavour has been taken by the Hawke's Bay Regional Council to ensure that the information on this website is accurate and up to date, Hawke's Bay Regional Council shall not be liable for any loss suffered through the use, directly or indirectly, of information on this website. Information contained has been assembled in good faith. Some of the information available in this site is from the New Zealand Public domain and supplied by relevant government agencies. Hawke's Bay Regional Council cannot accept any liability for its accuracy or content. Portions of the information and material on this site, including data, pages, documents, online graphics and images are protected by copyright, unless specifically notified to the contrary. Externally sourced information or material is copyright to the respective provider.
© Hawke's Bay Regional Council - www.hbrc.govt.nz / +64 6 835 9200 / email@example.com