Irrigation Fund’s first project great news for Hawke’s Bay

This week’s announcement of the first project as part of the Irrigation Acceleration Fund (IAF) is great news for the Hawke’s Bay region.

The go-ahead for the project delivers on the Government’s promise to lift economic growth through efficient use of water storage.

The Government and the Hawke’s Bay Regional Council will jointly fund a $3.3 million feasibility study of the Ruataniwha Water Storage Project.

This project, with its storage dam on the Makaroro River, has the potential to provide security of supply for Hawke’s Bay farmers, improve flows in summer and enhance recreational opportunities.

It stands to unlock enormous productive potential in the region, with the amount of irrigable land likely to increase from 6000ha to around 22,000ha.

I always say that one of our greatest competitive advantages is water. It’s our “liquid gold”. But we haven’t done a good enough job of storing, allocating and utilising this wonderful resource.

Smart irrigation infrastructure development is key to building an innovative competitive and sustainable rural sector.

This announcement is a big step in the right direction.

Irrigation infrastructure investment steps up the pace

The future for New Zealand’s irrigation infrastructure has strengthened with the Irrigation Acceleration Fund now open for business.

Announced as part of Budget 2011, the Irrigation Acceleration Fund provides $35 million over five years to support the development of proposals to the ‘investment ready’ prospectus ready stage.

The development of smart irrigation infrastructure will boost economic development and also contribute to the sustainable growth of our primary sectors.

NZIER research shows the fund could support 340,000ha of new irrigation which could boost exports by $1.4 billion a year by 2018, rising to $4 billion a year by 2026. But this is not about irrigation at all costs.

One of our greatest competitive advantages is water. It’s our “liquid gold”. But to date we have not done a good enough job of storing, allocating and utilising this wonderful resource.

The Irrigation Acceleration Fund provides an opportunity to develop new water infrastructure proposals that promote efficient water use and good environmental management.

Irrigation good practice is essential if we are to protect our vital water resource for tomorrow.

A fresh start for fresh water

My colleague Nick Smith and I joined the Prime Minister yesterday in announcing the Government’s fresh water policy package which will help grow the economy while better caring for our rivers, lakes and aquifers.

The package is the result of at least two years of work by MAF and is designed to expand on the Government’s economic growth agenda.

It includes a $35 million Irrigation Acceleration Fund to support the development of irrigation infrastructure proposals to the ‘investment-ready’ prospectus stage. The Fund also supports the development of new water harvesting, storage and distribution infrastructure.

Government will later consider in a future budget, investing up to $400 million of equity in water infrastructure schemes.

I believe New Zealand’s greatest competitive advantage is its water. It’s our “liquid gold”. But to date we have not done a good enough job in using this wonderful resource.

Water quality is deteriorating in parts of New Zealand, especially in agricultural areas. And at peak times, we face water shortages.

National wants to turn this around. If we improve the way we manage our rivers, lakes, and aquifers, water will help us build the stronger economy we’re striving for.