Nashy lays out four conditions for his support of the dodgy socialist dam, it fails three of them

Stuart Nash is showing some smarts in looking at the Ruataniwha Water Storage Scam Scheme.

Coming down to Ruataniwha Water Storage Scheme’s pointy end of the wedge ” it seems local politicians generally support the dam.

The only rub? Getting farmers to see the value in investing in such a project.

Napier MP Stuart Nash said the Ruataniwha Water Storage Scheme had to meet four conditions before he would back it.

That the region’s assets would not be put at risk, that the RWSS created a number of “well paid, sustainable jobs”, that it does not turn the Tukituki River toxic and finally, such a scheme needed to be economically viable.

“The last thing we need as ratepayers is a millstone around our neck if farmers who do not see value in this do not sign up,” he said.

“So I am not against it, but the only way I would support it is if it met those four criteria.”

Well let’s look at that shall we. His first criteria has failed. The region’s assets are being sold and plowed into the scheme, I blogged about that just yesterday.

There is no evidence to suggest large number of jobs will be created. But I’ll reserve judgement on that.

The plan calls for the Tukituki River to have higher nutrient levels than currently and as a result will turn it toxic.

The final nail in the coffin is the economic viability. The dam is stuffed on that.

So, of Stuart Nash’s 4 points it fails on three and is marginal on the fourth.

He said at this stage while such a scheme had great job potential for the region, if it were to go ahead it would be because the farmers saw value in it.

“I think gone are the days where we can put this much money at risk with the sort of ‘build it and they will come’ mentality,” he said.

“The farmers themselves are the only ones who can determine if this goes ahead because if they see [the value] they will sign up if they don’t, they won’t.”

And here, the MP said lies the major challenge faced by the scheme – convincing the land owners that there is value in it they should be investing in the RWSS.

“It is a substantial amount of money, my understanding is it is about $280 million just to get the water from the dam on to the farm,” he said.

“So it is convincing the land owners that there actually is value over and above the cost of the scheme itself.

“So you and I won’t determine if this goes ahead [or not] it will be determined by those land owners.”

Farmers are canny, and they aren’t signing up for the scheme. That is all you really need to know about it. The HBRC has failed to convince anyone to invest in the scheme..not a single institutional investor, nor any government level investment and Maori have walked as well.

It’s a dog and Stuart Nash has sensibly put in place 4 conditions for his support secure in the knowledge that the dam as currently proposed fails at three of them.

Perhaps the most pleasing aspect of his statement is that he is most unlike other Labour MPs and doesn’t subscribe to the build it and they will come mentality.

 

– HB Today


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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

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