Tuesday was a momentous day for all people of the Whanganui River, Whanganui Iwi spokesman Gerrard Albert said.
"Our entire existence as a people is intrinsically linked to the river as reflected in our saying 'Ko au te awa, ko te awa ko au - I am the river and the river is me.'
"We have always viewed the river as a single living being from the mountains to the sea - its bed, banks, waters, fisheries, flora and fauna and mauri as an indivisible whole."
The Whanganui River settlement will see world-leading legislation passed which recognises the river as a legal person - Te Awa Tupua - with its own values, rights and voice. The Crown-owned parts of the river bed will also be vested in Te Awa Tupua, meaning that in effect the river owns itself.
"Those appointed to act on its behalf will have legal obligation to uphold and protect the river's values and health and wellbeing", Mr Albert said.