Irrigation and Storage Funding Announced28 January 2013
NEW ZEALAND - Primary Industries Minister, David Carter has confirmed an NZ$80m investment in irrigation and water storage infrastructure.
Fonterra have welcomed the news saying it will benefit the agricultural sector and the economy as a whole.
Managing Director at Fonterra, Co-operative Affairs, Todd Muller, said the investment announcement, coupled with the establishment of a Crown vehicle to co-invest in water schemes, was an important step towards boosting agricultural productivity and exports.
“Water is fundamental to dairying and agricultural productivity. Enabling a mix of public and private funding will give investors the necessary confidence to push ahead with schemes at the regional level.
“We will see benefits flow through in increased production and export earnings and we will also see the environmental benefits which will come from improved water flows.
TheCattleSite News Desk