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

 

PARLIAMENT TODAY:

Labour: Cash For Charter Schools, Mould For State Schools

“Recently released financial statements show the Whangarei charter school He Puna Marama received $3.9 million in government funding to the end of last year. Yet their audited accounts show they only spent $1.4 million on education, leaving almost $2.5 million over two years unaccounted for." More>>

ALSO:

Kiwirail Plans Shift From Electric: National Urged Not To Take Backwards Step

The National Government shouldn’t drag New Zealand backwards by replacing its climate friendly electric trains with carbon-polluting diesel trains, the Green Party said today. More>>

ALSO:

Capital Connection:

Harmful Digital Communication Bill Passes: Focus Must Be On Education

InternetNZ acknowledges the passage of the Harmful Digital Communications Bill into law this afternoon, and says that the sooner the education efforts at the heart of the legislation start, the better... More>>

ALSO:

3-Year Transport Plan: No Plans On Six Northland-Election Bridges

The Transport Authority’s decision to fund only four of the 10 bridges promised in National’s shameless Northland by-election bribe is a huge embarrassment for Transport Minister Simon Bridges, Labour’s Transport spokesperson Phil Twyford says. More>>

ALSO:

Gaza Blockade: Māori TV Crew Returning Safely From Israel

A Māori Television crew will be flown back from Israel after their boat was detained by the Israeli Navy while attempting to break the Gaza blockade. More>>

ALSO:

Family Violence: Increasing Reporting But Fewer Resolutions

“We are aware the Police have embarked on a significant programme of change in how they respond to family violence. The data suggests that adequate resourcing including investing in staff training, support and culture change will be required for this to be effective.” More>>

ALSO:

Health: NZ Children Still Suffer Rickets From Lack Of Vitamin D

Vitamin D deficiency continues to cause rickets in young New Zealanders, new University of Otago research has found. The researchers say that their finding suggests that at-risk mothers and children should be better targeted for Vitamin D supplementation. More>>

Also GPs, Housing, Milk: PM Press Conference On The UN Security Council

In a press conference today the Prime Minister discussed the upcoming appointment of New Zealand to chair the UN Security Council. He said they would put pressure Asad in Syria and attempt to “jump start” negotiations between Israel and Palestine. More>>

ALSO:

Housing: State Houses Could Sell To Overseas Groups

Bill English’s admission that he would sell hundreds of New Zealand’s state houses to the Australians is the latest lurch in the Government’s stumbling, half-baked housing policy, Labour’s housing spokesperson Phil Twyford says. More>>

ALSO:

AND:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news