Securing Our Region's Future
To pay for, own and operate the Dam, Tasman District Council and Waimea Irrigators Ltd (WIL), which represents irrigators on the Plains, will form a partnership in the form of a Council-Controlled Organisation, or a CCO.
This partnering approach makes the cost of the dam more affordable for all the beneficiaries, while also providing an opportunity to secure external funding from other parties such as the Central Government.
The funding model has irrigators responsible for a good portion of the dam’s construction costs, made possible by credit support from the Council for their borrowing from Crown Irrigation Investments Ltd (CIIL). The Council’s contribution addresses the urgent need to provide a secure urban water supply and the wider regional public good for the environmental, recreational, social and cultural benefits that come from the project.
Ongoing operating costs would be shared between WIL and the Council.
Compared with other options, the capital cost for the Waimea Community Dam is cheaper, in part because of the cost-sharing arrangement that leverages private sector investment (the only option that does so) and concessionary loan funding. The benefits of this funding model are that:
You can find out more about the final project cost for the Waimea Community Dam in the latest Tasman District Council media releases.
TDC: Final price – a setback and a challenge
Work on Waimea Community Dam funding continues
The Waimea Community Dam
A regional problem
Malone: no dam option
Paying for the Dam
Regional economic prosperity
Frequently asked questions
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