Wairoa will get a new multimillion-dollar flood defence scheme under a new agreement struck between five Hawke’s Bay councils and the Government.
A decision on how some of the most urgent cyclone recovery costs for Hawke’s Bay will be shared between central and local Government has been made, with Hawke’s Bay’s five councils yesterday confirming the terms of an agreement worth up to $556 million, subject to consultation with communities in Hastings and Napier.
The cost-sharing agreement will see councils with Category 3 residential properties and central Government adopting a 50/50 cost-sharing approach to the voluntary buyout of Category 3 residential properties within their respective districts, with the Government contributing up to an estimated $92.5 million. Government and council contributions will be net of any insurance proceeds.
The $556 million agreement also includes $203.5 million toward flood protection for the region. Subject to design, interest in land, and ability to build, the proposed flood protection works will benefit areas currently Category 2, from Wairoa to Pōrangahau.
Also included is $70 million specifically earmarked as the estimated cost of a much needed and fully funded flood protection scheme for Wairoa.