KEVIN Rudd has sharply escalated his campaign to return natural water flows to the ailing Murray-Darling river system by buying $303 million of NSW irrigation licence allocations – enough water to meet the needs of Sydney for six months.
But ongoing drought means that, on 2008-09 irrigation allocations, less than 20 per cent of the 240 gigalitres will actually make its way back into the river system.
The Prime Minister announced yesterday the Government had sealed the biggest one-off water buyback deal in the nation’s history, snaring irrigation licences for 240 billion litres of water a year from the NSW-based Twynam Agricultural Group.
Despite the move winning backing from the environment movement, the Opposition ridiculed what it called a waste of public money on “phantom water”, demanding the Government instead spend more to improve irrigation infrastructure to save water through greater efficiency.