[2 July/Radio NZ]

A group of businessmen hope to resurrect the Ruataniwha Water Storage Scheme in the Hawkes Bay after buying the intellectual property from the Hawke’s Bay Regional Council. The council spent $14 million and four years on the scheme before the Supreme Court ruled it could not flood a large parcel of land. Water Holdings CHB has bought the intellectual property and rights to the scheme from the council’s investment arm. Water Holdings Director, Gavin Streeter, said owning the assets would allow the community to explore options for reviving the scheme. He added that as a group they were committed to acting on behalf and in the interest of the Central Hawke’s Bay community. Central Hawke’s Bay Mayor, Alex Walker, was pleased with the purchase and thought it was great to know that water storage could be considered in the toolkit for the future of water. Regional Council Chair, Rex Graham, said it had been a difficult road since pulling out of the scheme.