Hawke's Bay Regional Investment Company has categorically said it is not "mortgaging the port" to run the Ruataniwha Water Storage Scheme (RWSS).
In an interview with Hawke's Bay Today, chief executive Andrew Newman said Ruataniwha was not creating a risk situation for the port.
"The Ruataniwha is not creating a risk situation for the port.
"It is actually ultimately creating a benefit for the port," he said.
"We are not mortgaging the port to run the scheme.