4. Phases of Water Enhancement Development

A typical water enhancement development will follow 5 key phases:

Each phase has a different risk profile and funding requirement. It is therefore unlikely that one provider will be adequate to fund the scheme from conception to completion.

Risk profile and funding requirements for each phase are as follows:

Phase

Description

Investment Risk

Funding Requirement

1

Pre-feasibility/feasibility

High

Low

2

Resource consent

High

Low

3

Marketing and pre-sale

High

Low

4

Design and construct

Medium

High

5

Maintenance and operation

Low

Low

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