The public funding contribution recognises that the wider community will benefit from increased economic activity and employment over time. Private capital contributions are made through the purchase of tradeable water entitlements.
This model ensures ongoing operating costs, including the provision for asset renewal, will not be subsidised, instead met by annual charges levied on water entitlement holders.
In 2011, following the merger with the Rivers and Water Supply Commission and Tasmanian Irrigation Schemes Pty Ltd, TI inherited the responsibility for three operating irrigation schemes and the ownership of infrastructure of two locally managed irrigation schemes.
Tasmanian Irrigation has since provided the technical, financial and project management skills to progress schemes from concept development through feasibility and construction to operations.
Ten Tranche One schemes were developed and delivered at a cost of $248.45 million, delivering 74,493 megalitres of water via 534km of pipeline, 9 dams, 23 pump stations and 1 power station.
These projects are located at Dial Blythe; Great Forester; Kindred / North Motton; Lower South Esk; Midlands; Sassafras / Wesley Vale; South East Stage Three; Upper Ringarooma; Whitemore; and the Winnaleah Augmentation.
Five Tranche Two projects were the constructed at a cost of $167.12 million, delivering 27,695 megalitres of irrigation water via 312km of pipeline, five dams, nine pump stations and one power station.
These projects include Duck; North Esk; Scottsdale; Southern Highlands; and the Swan Valley.
Ten Tranche Three projects are now being advanced, with the first five phase one projects progressing through Expressions of Interest, Preferred Design Option, Water Sales and to approvals.
With an increased level of operational responsibility, Tasmanian Irrigation is now primarily focused on working in partnership with irrigators to continue to deliver high-surety, cost-effective and reliable irrigation water to landowners.