Selling water down the river
- From: Vol 9, Issue 5 (May 2008)
- Category: General
- Region: Asia
- Country:
- Related Companies: Government of Australia
The Australian water rights market has finally come of age. Max Borchardt asks whether the government’s new AUD 3 billion buyback programme is destined to go down the Swanee.
The Australian government has set aside AUD 3 billion of its new AUD 12.9 billion “Water for the Future” initiative to purchase around 500 million m3 of permanent water entitlements over the next ten years. The announcement was made by the new water minister, Penny Wong, at the Australian Water Summit on 29 April, and is set to radically ...
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