Hurunui Water Project to seek more shareholder and govt fundingJOHN KIRK-ANDERSON/STUFF Water from the Hurunui River may be siphoned next year to irrigate the region if Hurunui Water Project obtains consents and more funding. Shareholders in a north Canterbury irrigation company centred on the Hawarden and Waikiri communities are being urged to prepare for further investment in water shares early in the new year. The $200 million Hurunui Water Project will cover about 21,000ha within the Hurunui and Waipara catchments north of Christchurch. READ MORE:* Hurunui council needs more information ahead of buying shares in water project* Canterbury irrigation project applies for land-buying powers, worrying local farmers* Hurunui shareholders cough up; Rangitata lake proposed* North Canterbury dam project targets investment partnersLack of Crown funding, which is limited to about 10 per cent of the entire cost, would not kill the project, Murdoch said. Hurunui Water Project issued shares to subscribing farmers in 2010 to help reach an investment-ready stage, and those shareholders will be asked in March to subscribe for water shares.

Source: Stuff December 28, 2017 01:41 UTC