The Kurow and Duntroon Irrigation Company Ltd (KDIC) is seeking to update and expand it’s existing irrigation infrastructure. To do so will involve the capital expenditure of $xxxxxx in a new piped scheme which will run from Waitaki Dam to Duntroon.
The project will see the existing canal scheme piped throughout, to provide water on demand through the irrigation season, from September to mid- April each year. Key features of the scheme will be controllability, efficiency of water distribution and an expansion of the command area through pumping, water optimisation and new technologies. Similarly, the design and construction materials will ensure the scheme will exceed the design life of 80 years. The present water race is leaking badly and requires significant investment.
The Company is seeking to raise capital from the sale of additional shares to existing shareholders and near neighbours who wish to benefit from an expanded command area, which will rise from 2000 ha to 6000 ha. All shareholders will be wet, on a one share per ha basis.
It is intended that once finance and shareholder approval have been concluded, that the Company will engage contractors to commence work in February or March 2017. It is expected that the project will take up to 14 months to complete.