A controversial dam recently voted down by the Tasman District Council is back on the table, after new costing information.
The council has announced a revised funding proposal for the $100 million Waimea Community Dam that it says will reduce the cost, and risk, to ratepayers.
Last month councillors voted by a narrow margin to abandon the project, over concerns about the ballooning price.
Today they voted 9-5 to reverse the decision.
Mayor Richard Kempthorne said the joint venture partner Waimea Irrigators, working with investors and the government, had proposed a revised funding model.
Mr Kempthorne said it meant irrigators would cover the bulk of the recently announced price increase.