Special establishment fees for IrrigationNZ directors
The directors of the new Crown Irrigation Investments will enjoy special establishment fees.
Primary Industries Minister Nathan Guy last week announced the company has been established to provide up to $80 million in subsidies for new irrigation schemes.
“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,” he says.
The subsidy is required because neither farmers nor bankers are prepared to fund such schemes.