Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 


Alternative Investment Report discussed


Media Release
9 April 2014

Alternative Investment Report discussed

The Ruataniwha Water Storage Scheme remains the most economic alternative and a viable investment for Hawke’s Bay, according to an independent report commissioned by Hawke’s Bay Regional Council.

Nimmo-Bell & Company Ltd was commissioned to prepare a report identifying and evaluating alternative investments for the region. That report was presented to today’s HBRC Environment & Services Committee meeting.

The report says “there is a dearth of investment-ready alternatives, which reflects the lack of urgency for a cohesive regional economic development and infrastructural investment plan for the region”.

The consultants considered a range of alternative investments including:
• Napier-Gisborne Railway
• Hawke’s Bay Airport and business park
• Biomass from waste
• Regional processing facility
• Productive use of Maori land resources and Wairoa development
• Ngaruroro Water Augmentation Scheme
• Regional tourism development
• Oil and gas development
Analysis revealed that none of these projects met the qualifying criteria for short-listing and detailed analysis.

The report says while most of the output economic impacts of the Ruataniwha Water Storage Scheme will be in Central Hawke’s Bay, there will be flow-on gains for other areas of Hawke’s Bay, in particular Hastings, which has a significant servicing, manufacturing and food processing base.

It says in the longer term other parts of the region should benefit from the general lift in economic activity and confidence in Hawke’s Bay from the water storage scheme.

Councillor Fenton Wilson told the committee the lack of investment opportunities within Hawke’s Bay highlighted in the report is a concern for the region. He said the report is another step in the process towards deciding whether to invest in the Ruataniwha Water Storage Scheme.

Councillor Christine Scott agreed and said work needed to be done to ensure other investment opportunities were explored with stakeholders, such as Business Hawke’s Bay.

Environment & Services Committee Chairman Councillor Rex Graham and Councillor Tom Belford both did not support receiving the report as they felt the brief was too tight and it did not meet their expectations.

The report was received by the committee and will now go to the full council for adoption.

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Local Governments To Decide: Easter Trading Bill Passes

The union representing working people in the retail industry is condemning the Government for whipping its MPs to pass the controversial Shop Trading Hours Amendment Bill. More>>c

ALSO:

Departure Speech: Governor-General’s State Farewell Luncheon

"...Unfortunately I was unable to get to the Antarctic, the Chatham Islands and the Kermadecs. A dicky heart thwarted our travel to the Antarctic; and even though I volunteered to parachute into the Kermadecs to join the Young Blake expedition, time, commitments and officials frustrated my plans to visit the Kermadecs and Chathams." More>>

ALSO:

New Research: Most Homeless People Working Or Studying

“The cost of housing has been rising without corresponding increases in income, whilst the number of state houses per capita has been in decline. Many low-income people are missing out on housing, whether we recognise them as ‘homeless’ or not. More>>

ALSO:

Post-Traynor: New Offender Info Sharing Plan

“This Bill delivers on that step-change by moving away from name-based records held by individual agencies to a shared, anchor identity based on unalterable information, such as fingerprints and facial recognition. It also gives agencies access to the drivers’ licence photo database and birth, death and marriages information." More>>

  • NZ Law Foundation - New $2M fund for research on information challenges
  • Littoral: New Ship To Deliver Enhanced Naval Capability

    Defence Minister Gerry Brownlee says the Government has approved a Ministry of Defence and New Zealand Defence Force recommendation to request tenders for a new naval ship to support littoral operations. More>>

    July:

    After King's Labour Snub: Māori Party And Kiingitanga To Work Together

    Māori Party Co-leaders Te Ururoa Flavell and Marama Fox met with Kiingitanga representatives in Wellington yesterday to discuss working together on key issues for the betterment of Māori. More>>

    ALSO:

    Waitangi Claim On Rehabilitation: The 'Justus' System For Māori Not Good Enough

    Closing statements at the Waitangi Tribunal case against Corrections called for immediate steps and a comprehensive review to address the high rate of Māori reoffending. More>>

    ALSO:

    Advice: PM Sets Rules For Ministers' Treatment Of Public Servants

    Prime Minister John Key has laid down the law about the way ministers and public servants should interact, saying ministers may not always like the advice they receive, but they must listen to it carefully, respectfully and professionally. More>>

    Gordon Campbell: On The Funding Changes In Special Needs Education, And Uber

    The plan to strip out the educational support for older “special needs” children in order to meet the existing shortfall in funding for special needs in early childhood education is so miserly and relentlessly stupid as to defy belief… More>>

    SPECIAL EDUCATION (& More):

    Online Learning Plans:

    Get More From Scoop

     

    LATEST HEADLINES

     
     
     
     
     
     
     
     
     
    Regional
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news