Water buy-up attracts 'big' response

19:59 AEST Wed Jul 1 2009

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The government is spending $3.1 billion buying up water rights across the Murray-Darling Basin.

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More than 350 irrigators in the southern Murray-Darling Basin have offered up their water rights to the federal government.

The $50 million tender closed on Wednesday.

The government is spending $3.1 billion buying up farmers' water rights across the basin, in a bid to boost the environment in dry times.

Rob Freeman, chief executive of the Murray Darling Basin Authority, said the latest tender round had received a "high level of interest" and was now fully subscribed.

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