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

Anzac Day:


Reshuffle: PM Announces Changes To Ministerial Portfolios

Prime Minister Bill English today announced the appointment of Gerry Brownlee as Minister of Foreign Affairs, Nathan Guy as Minister of Civil Defence, Nikki Kaye as Minister of Education and Mark Mitchell as Minister of Defence.

The changes follow the resignations from Cabinet of Hekia Parata and Murray McCully.

In other changes Simon Bridges has been appointed Leader of the House and Nicky Wagner has been made Minister supporting Greater Christchurch Regeneration. More>>

 

Q+A Transcript: CTU Call For 'National Standards' On Wages

‘If you look at countries who do better than us, who pay wages better, who have more competitive industries, more successful economies, they have systems where there are national standards.’ More>>

ALSO:

Health Workers Respond: People's Mental Health Report Released

The People's Mental Health Review reinforces a recent YesWeCare.nz survey of 6,000 health workers, which found nine in 10 believe they don't have the staff or resources to deliver the care Kiwis need when they need it. More>>

ALSO:

More Mental Health:

Energy: Greens Launch Plan For Cheaper And Cleaner Electricity

$112 million for winter warm-up payments to help low-income households cover their power bills • setting a goal for 100 percent renewable electricity by 2030 (in average hydrological conditions) • an investigation into the electricity wholesale market. More>>

ALSO:

Gordon Campbell: On The Aged-Care Settlement

Until yesterday, a National government has always been the sworn enemy of women seeking justice in the workplace, in the face of gender-based pay discrimination. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news