Central Plains Irrigation Scheme Project

16/12/2016
Project development, Project finance

NZ$ 399 million

Completed

16/12/2016


Overview:

  • The Central Plains Irrigation Scheme project is a large-scale proposal for water diversion, damming, reticulation and irrigation for the Central Plains of Canterbury, New Zealand.
  • The scheme originated as a feasibility study jointly initiated and funded by Christchurch City Council and Selwyn District Council.
  • It is one of the few true private project financing transactions in New Zealand in recent years, with stage II of the project involving project financing for a 20,000ha expansion of the scheme. 
  • Stage II closed in December 2016 at NZ$219 million, while stage I completed in 2015 at NZ$180 million.

Adam Majeed - Regional editor

 

Jurisdiction:

New Zealand

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Industry sectors:

Social infrastructure
Natural resources


Firms:

Party: Central Plains Water (Project developer)


Party: ANZ (Lender)

Party: Westpac (Lender)