Crown Irrigation Investments ready for business

02/07/2013

Crown Irrigation Investments Limited is now established and ready to work with backers of new irrigation schemes.

This is very good news from Ministry for Primary Industries Nathan Guy.

“The company will act as a bridging investor for regional water infrastructure projects, helping kick-start projects that would not otherwise get off the ground. The Government has set aside $80 million in Budget 2013 for this purpose,” says Mr Guy.

All members of the establishment board have been appointed to the new Board of Crown Irrigation Investments Limited.

The Board will be chaired by Alison Paterson, with members Don Huse (Deputy Chair), Debbie Birch, Lindsay Crossen, Chris Kelly, Graeme Sutton, and Michael Webb.

“Crown Irrigation will invest where it is considered necessary to get a project underway. It will be a minority and targeted investor.

“This is another important step towards unlocking the massive opportunities that water storage and irrigation can create for New Zealand.

“There is potential for another 420,000 hectares of irrigated land to be available for a variety of uses over time. Research from NZIER suggests exports could be boosted by $4 billion a year by 2026, which would support thousands of new jobs.

“More consistent river flows in summer will also have real benefits for the environment, with improved habitats for fish and birdlife.

“After the extreme drought that most of the country suffered earlier this year, the need for better water storage is obvious,” says Mr Guy.

CII’s role is not to enable uneconomic schemes to go ahead.

It will provide bridging finance in the early stages of a scheme’s development to enable it to get off the ground.

The money will be repaid as initial shareholders increase their investment or new ones join the scheme.


Rod Carr to chair Infrastructure Board

25/05/2009

Infrastructure Minister, Bill English has announced the appointees to the National Infrastructure Board.

The board has been set up to provide independent advice to the Infrastructure Minister and to help formulate the first 20-year National Infrastructure Plan, which will be completed by the end of the year.

Members have been chosen on the basis of their individual skills and their collective knowledge of infrastructure planning, investment and asset management methods.

The chair will be Dr Rodd Carr, Canterbury University Vice Chancellor and a former managing director of Jade Corporation and a former Reserve Bank  deputy governor. He was a senior executive of Bank of New Zealand and National Australia Bank; is vice-president of the Canterbury Employers’ Chamber of Commerce and a director of Lyttelton Port Company Ltd and Taranaki Investment Management.

Other members are: Sir Ron Carter, Lindsay Crossen, Dr Arthur Grimes, Dr Terence Heiler,  Rob McLeod, John Rae and Alex Sundakov.

It’s an impressive line up and I’m particularly pleased to see Terry Heiler’s name on the list. He’s an engineer, a former director of Landcare Research and chief executive of Irrigation New Zealand.

His profile on the INZ website says:

Dr Terry Heiler is an international consultant in natural resources, specialising in water management and irrigation. His engineering consultancy works with clients in New Zealand, Australia, Asia and with major international development agencies. His prior experience includes 25 years as a principal research engineer – soil and water, and 11 years as director of New Zealand Agricultural Engineering Institute, Lincoln University. He runs a small farming business based in West Melton, Central Canterbury. Terry was appointed as the inaugural chief executive of INZ in July 2006. His role with INZ is primarily leadership of the New Zealand irrigation industry with scientific and accurate advocacy to government and other key decision makers.


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