A potential corporate investor is lined up to undertake due diligence once resource consent issues related to the Ruataniwha dam are finalised, Hawke's Bay Regional Council's chairman says.
Fenton Wilson told a Grey Power meeting in Napier yesterday that the farming community in Central Hawke's Bay "aren't ready to sign up en masse" to the take water from the irrigation scheme until a board of inquiry finishes re-working consents for an associated environmental plan change.
"Some have and some are poised ready to go but they want to understand how that [plan change] would work," he said.
"There is still an investor that is sitting there ready to look at it more closely when they understand what the consents look like."
The board of inquiry granted consents to the dam last year but its decision over the related plan change for the Tukituki catchment, known as Plan Change 6, was challenged in the High Court.