The Wire

It’s a big moment for the degraded Murray darling Basin – it’s now officially to be put into Commonwealth hands. However the deal comes with some compromise – in spite of the objections of Greens, independents and the opposition, Victoria will still be allowed to proceed with a pipeline which will take 75 billion litres of water from the Basin to Melbourne . And Victoria is still holding out on officially signing over its powers to the Commonwealth. But Water economist Mike Young says the deal is so important that it’s worth compromising for in the short term.