16 December 2015
HBRIC Ltd Update
Hawke’s Bay Regional Investment Company Ltd (HBRIC Ltd) is confident it can confirm a preferred investor mix for the
Ruataniwha Water Storage Scheme before the end of the year.
HBRIC Ltd told today’s Hawke’s Bay Regional Council meeting that intensive work is being done with three potential
investors and it continues to target the end of the calendar year to confirm investors for the scheme. However it says
it won’t make the decision public until very early in the New Year.
HBRIC Ltd now has just over 42 million cubic metres of water either contracted or close to it. Of that just over 30
million is in counter signed contracts.
DOC Land Exchange Judicial Review
Forest & Bird’s judicial review of the Department of Conservation land exchange was heard on December 8. Forest & Bird argued the Department of Conservation should have reviewed the conservation values of the 22 hectares of Ruahine
Forest Park to be exchanged in isolation, then considered the exchange proposal. Justice Palmer told the court he is
hopeful he can release a decision before Christmas.