Media Statement – Theodore irrigators vote ‘yes’ to local management arrangement05-Jun-2018
Theodore irrigators will transition to a local management arrangement (LMA) and become shareholders in Theodore Water Pty Ltd from 1 October 2018.
The move will see SunWater irrigation distribution assets in the Dawson Valley Water Supply Scheme transition to Theodore Water.
The agreement includes a $15.1 million separation payment from the Queensland Government to Theodore Water to help fund asset renewals and refurbishments and secure the irrigation scheme’s long-term viability.
SunWater chief executive officer Nicole Hollows said she looked forward to a positive working relationship with the new asset owners.
“SunWater is pleased to support Theodore Water as it transitions to a local management arrangement,” she said.
“Under the terms of the arrangement SunWater will continue to manage weirs on the Dawson River – including Theodore Weir – and enable Theodore Water to focus fully on achieving improved irrigation efficiencies.
“We look forward to working closely together in the future and achieving positive outcomes for local irrigators.”
SunWater Media Team
Phone: +61 7 3120 0047