The council abandoned it in 2018 after a Supreme Court finding against the flooding of Department of Conservation land required by the dam, which had protected conservation status.<\/p>\n
It would be the largest capital project ever undertaken in Hawke\u2019s Bay, and the largest water storage project built in New Zealand since Clyde was completed by the Government in 1993.<\/p>\n
The water security project has access to the intellectual property purchased by Water Holdings Hawke\u2019s Bay for the old Ruataniwha water storage scheme, including consents and has now secured the $18m loan for engineering, environmental and commercial work to help decide if the facility is viable.<\/p>\n
If the dam goes ahead, the Tukituki project says its modelling suggests it would create 200-300 jobs during construction.<\/p>\n
Once built, it would increase Hawke\u2019s Bay\u2019s GDP by up to $693m and would support more than 1800 new permanent jobs \u2013 the equivalent of lifting total regional employment by more than 2%, it says.<\/p>\n
It says over the project\u2019s lifetime, the total economic benefit ranged from $1 billion to $5b depending on the extent of land-use change, with up to $195m a year in additional government revenue.<\/p>\n
Project chairman Mike Petersen said those involved were grateful for the Government\u2019s continued confidence in the project and in Hawke\u2019s Bay as a region.<\/p>\n
\u201cWe are equally grateful to mana whenua, iwi and to the more than 60 visionary local businesses and water users who have backed this project, demonstrating clearly that Hawke\u2019s Bay wants to secure its own future.\u201d<\/p>\n
Petersen said the case for water storage in Hawke\u2019s Bay was urgent and well-evidenced.<\/p>\n
\u201cThis announcement moves us from asking whether this project is feasible, to answering whether it is viable,\u201d he said.<\/p>\n
\u201cThe Hawke\u2019s Bay Regional Water Assessment report concluded that even with significant improvements in water use, efficiency and conservation, by 2040 the region could experience a shortfall between demand and supply of freshwater of nearly 25 million cubic metres.\u201d<\/p>\n
He said water scarcity was already preventing businesses from investing and growing in the region while climate projections point to reduced river flows and worsening droughts, particularly in spring and El Nino summers.<\/p>\n
\u201cWater storage is not a silver bullet when it comes to solving water security, however it must be part of the solution alongside other water efficiency measures.\u201d <\/p>\n
Up to 20% of stored water would be used to improve and restore the health of the Tukituki River and other waterways with higher low flows. Communities would benefit from additional urban water supply and new recreational facilities at and around the reservoir.<\/p>\n
With the new government loan, the next phase of work running through 2027 will include detailed engineering and design, financing and commercial work, in preparation for procurement and a final investment decision in 2028.<\/p>\n
\u201cWe are under no illusions about the significance of what we are proposing,\u201d said Petersen.<\/p>\n
\u201cWater storage is not new to New Zealand, but it is new to Hawke\u2019s Bay. This will be a game-changer for our region.\u201d<\/p>\n
Last year, Hawke\u2019s Bay Regional Council<\/a> announced it preferred the development of a smaller $225m water storage facility<\/a> further north, on a tributary of the Ng\u0101ruroro River, with the costs shared with the Government<\/a>, supported by a 2020 loan from the provincial growth fund.<\/p>\n LDR is local body journalism co-funded by RNZ and NZ On Air.<\/p>\n","protected":false},"excerpt":{"rendered":"The council abandoned it in 2018 after a Supreme Court finding against the flooding of Department of Conservation…\n","protected":false},"author":2,"featured_media":366926,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[20389,113013,1561,6326,1853,192532,7795,6276,13800,266,24912,1976,302,18060,15399,1132,111,43,139,69,192533,7811,11162,765,61,86662,58334,192534,376],"class_list":{"0":"post-366925","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-zealand","8":"tag-18m","9":"tag-backers","10":"tag-bay","11":"tag-biggest","12":"tag-central","13":"tag-clyde","14":"tag-dam","15":"tag-gets","16":"tag-giving","17":"tag-government","18":"tag-govt","19":"tag-hawkes","20":"tag-its","21":"tag-loan","22":"tag-massive","23":"tag-million","24":"tag-new-zealand","25":"tag-news","26":"tag-newzealand","27":"tag-nz","28":"tag-oncecontroversial","29":"tag-since","30":"tag-storage","31":"tag-test","32":"tag-to","33":"tag-truly","34":"tag-viability","35":"tag-viable","36":"tag-water"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/366925","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=366925"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/366925\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/366926"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=366925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=366925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=366925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}