Waimea Community Dam Confidential 6 September 2018 Report Released

Friday 14 September 2018

The Council is releasing the confidential Waimea Dam revised funding report of 6 September.

The report was discussed in the confidential section of the meeting in light of the ongoing commercial negotiations with our joint venture partners who were present at the meeting.  The Council had to take account of the other parties’ commercial needs and their desire for confidentiality.  Also, Council had not had the opportunity to discuss the revised funding offer developed as part of the ongoing negotiations. Now that the Council has accepted the offer, the principles underlying it are able to be made public.  

The decision to release the report was made after very careful consideration of the commercial sensitivity of the negotiations between the dam’s funding partners and the need to provide information to ratepayers. Council has sought and gained the consent of the other joint venture partners to the release of the report containing the principles underlying the funding offer.  The finer details of the offer are still subject to ongoing commercially sensitive negotiations and must remain confidential.

The Council has always been aware of the high level of public interest in the Waimea dam project and continues taking steps to share whatever information it can.

The report can be found using the following link: http://www.tasman.govt.nz/council/council-meetings/full-council-meetings/?path=/EDMS/Public/Meetings/FullCouncil/2018/2018-09-06