‘‘[Shareholders] will be given plenty of notice about the next instalment’s due date.

Waimea Irrigators Ltd has pushed back the date for the second instalment of its water share purchase price, as the timeline slips for the proposed dam in the Lee Valley.

Initially, a call for the second instalment of 25 per cent was expected to be made on July 1. However, Waimea Irrigators Ltd (WIL) project manager Natasha Berkett yesterday said WIL had informed shareholders that the second instalment would not be required this calendar year.

‘‘Once the date is known, they will be given plenty of notice about the next instalment’s due date,’’ Berkett said.

WIL is a proposed joint venture partner with Tasman District Council in the dam project, which is tipped to be funded by a mix of ratepayer, Crown and irrigator funding.

WIL planned to raise at least $16.5 million of its share of that funding via the sale of at least 3000 water shares. It announced in April that it had received commitments for at least 3000 shares at $5500 per share.

The first call of the share subscription – 50 per cent – was due in April, followed by the planned second call on July 1 and the final call a year later for the remaining 25 per cent.

Berkett said the joint venture project team was revising the timeline for the dam.

The move follows a decision by the council to draft a local bill to seek access to 9.6ha of Mt Richmond Forest Park land that is earmarked for the dam reservoir

That decision comes after the Department of Conservation, which administers the land, said the longplanned transfer of ownership to the council through the Public Works Act could not proceed as proposed.

At its meeting in late May, the council agreed to draft a local bill, which Tasman Mayor Richard Kempthorne said could take until March or April to make its way through Parliament.

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As Petronia, 26,833 tons, today, load/unload containers, BQ; Cali, 40,855 tons, tomorrow, load/unload containers, MWS; Maersk Jabal, 27,910 tons, tomorrow, load/ unload containers, MWS; SG Pegasus, 8195 tons, unload petroleum, tomorrow, MCQS; Spirit of Canterbury, 9910 tons, load/unload containers, Monday, BQ; Garnet Express, 29,289 tons, unload petroleum, Tuesday, MWS; ANL Elanora, 18,327 tons, load/unload containers, Wednesday, BQ.

Waimea Irrigators Ltd project manager Natasha Berkett