$10bn over 10 years for water plan
* May 08, 2007
THE Federal Government will spend $10 billion over 10 years on its landmark plan to secure Australia's water resources.
The measure, announced in January, would see the Commonwealth take control from the states the management of the Murray-Darling Basin, Australia's drought-affected food bowl.
All states and territories involved except Victoria have so far agreed to cede their powers.
If the plan is implemented, the Federal Government will spend $5.9 billion on modernising irrigation methods and $3.1 billion towards preventing over-allocation of water in the basin.
"Irrigation methods will be revolutionised, reducing the loss of water through leakage, evaporation and outmoded irrigation methods and making river and water storage operations more efficient," Environment Minister Malcolm Turnbull said.
Another $585 million has been budgeted to overhaul the body which manages the basin for state and federal governments.
"The plan will reform the Murray-Darling Basin Commission as an Australian government agency responsible for river management functions, including the setting and administration of a new sustainable cap on diversions in the basin," Mr Turnbull said.
The National Plan for Water Security also includes $450 million for improving water information and $105 million over seven years to examine northern Australia's potential for land and water development.
Meanwhile, Treasurer Peter Costello announced that community water grants of up to $50,000 each to install tanks and water efficient devices will be extended for another six years at a cost of $201 million.
"We must capture as much of this precious resource as possible and use it carefully and wisely," Mr Costello told parliament.
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