Benefits of fresh-water export plan outlined

Press, 2 May 1984, Page 3

Benefits of fresh-water export plan outlined

PA Nelson A proposal to export fresh water from Deep Cove in Fiordland would result in “significant” economic benefits to New Zealand, according to a Nelson environmental and feasibility consultant, John Bamford. Mr Bamford is acting as consultant for Triune Resources Corporation, the group planning to export the Deep Cove water. Mr Bamford was com-

menting on the release yesterday to Government agencies of a report by the corporation on the economics of the project. The confidential paper has been sent to Government bodies associated with the granting of approvals for the project. “The bulk of the report contains sensitive marketing information which will not be made available to the public,” Mr Bamford said. “It concludes that pro-

vided the gross sales forecast can be achieved, the project will generate significant net economic benefits to New Zealand. "Over the analysis period of 10 years with a discount of 10 per cent, economic benefits exceed costs by $724 million,” he said. A -separate environmental impact report on the scheme has already been released and is now being audited by the Commission for the Environment.