The Crown has today signed a $100 million Deed of Settlement with Heretaunga Tamatea in Hawke's Bay.
The settlement includes the purchase of the Kaweka and Gwavas Crown Forest land with Ahuriri hapu, and a $5 million investment in Te Aute College.
Treaty of Waitangi Negotiations Minister Chris Finlayson said they can never fully compensate the iwi but it's a good base for a strong cultural and economic future.
He says it's a very significant settlement.
Heretaunga Tamatea's area of interest extends from southern Napier to Takapau in central Hawke's Bay.
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