Cost rise

Nelson Mail - - COMMENT&OPINION -

It is bad enough that the Tas­man Dis­trict Coun­cil ratepay­ers are to sub­side ir­ri­ga­tors’ cost of wa­ter aug­men­ta­tion, but worse that al­ready the guar­an­tee to limit the cost for ir­ri­ga­tors agreed to by weak kneed TDC lead­er­ship will cer­tainly be called on.

It is ap­palling ratepay­ers have to learn by way of me­dia re­lease from Waimea Ir­ri­ga­tors that the es­ti­mated build cost of the Waimea dam has in­creased and ratepay­ers will foot $4.2 mil­lion more cost while ir­ri­ga­tors will face only $1.5 mil­lion.

Re­al­ity will re­ally strike home when a proper bud­get is pre­pared which will al­most cer­tainly have a price tag up­wards of $120 mil­lion.

Even worse as the share of run­ning costs are pro­posed to be linked to ‘‘share­hold­ing’’ and the true cost to run the dam be­comes known the goug­ing of ratepay­ers will in­crease fur­ther.

The pro­posed cap­i­tal rais­ing is a farce. It should be for the full eq­uity share not less than half of it so that ratepay­ers will not have to be called on to un­der­pin the ir­ri­ga­tor debt by way of guar­an­tee as well. This on­go­ing com­edy needs to come to an end.

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