Stage 2 has been designed to supply 20,000ha (assuming 1 Construction Share per hectare). The 2016 Stage 2 Offer Product Disclosure Statement closed at the end of June 2016 with applications for 15,409 Construction Shares (wet shares). A further capacity of 4,591 Construction Shares (dry shares) has been included in the reticulation network design to allow for future uptake to achieve the full 20,000ha in the Stage 2 area.
The extra 4,591 shares were being offered to eligible applicants in a further Share Offer Information Memorandum in February 2017 and through a Share Subscription Offer from June 2017. There is very limited flexibility to move these dry shares around, especially after March 2017 once a detailed design is completed and the HDPE pipe has been ordered. If you are interested in irrigating a property in the Stage 2 area, please contact our office as soon as possible to discuss.
Alongside this, CPWL is offering a Small Block Policy for those properties that are not eligible to participate in the Construction Share Offer, click here to learn more about the Small Block Policy offer.