CIIL irrigation updates funding rules
A change to the constitution of Crown Irrigation Investments Limited (CIIL) will allow it to fund water storage projects with “direct environmental and economic benefits”, rather than on the basis of purely economic grounds.
The current rules limit CIIL’s purpose to considering only the long-term economic benefits from projects that it invests in.
The change was originally requested by CIIL and has now been formally approved by Cabinet.
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