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.
Tasman District Council has released the final Waimea Community Dam staff report for the Council meeting for 30 November 2018. In that report is an updated overall project construction cost and a breakdown of the partnership funding proposal that is more current than the information below. You can find that report at this link.
The Council agreed to a revised funding proposal for the Dam on 6 September 2018 following news the month prior that the overall dam price increased by $26 million. The revised funding proposal includes covering $23 million of the price increase with
This new proposal has WIL contributing effectively 75% of the services costs of the extra project capital required, reducing the impact on ratepayers.
The project increase was $26 million. The project team anticipates finding $3 million in cost savings or other funding, bringing the project cost down to $99 million. The breakdown of the $99 million project cost is below.
Of the total $102 million cost for the construction of the Dam, the project team is looking for a $3 million saving to bring the cost down to $99 million. With that figure, here is the breakdown of the certainty of costs in the budget.
The Council’s website has a good breakdown of how rates will change for everyone in the district. Visit their website for additional information.
Ongoing operating costs would be shared between WIL and the Council.
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