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

 

Gordon Campbell: On The Ombudsman’s Verdict On Paula Rebstock And Ian Rennie

Unfortunately, the brave and damning report by Ombudsman Ron Paterson on the “flawed” and “unfair” inquiry conducted by Dame Paula Rebstock into events at MFAT pulls back the veil on a far wider issue. More>>

ALSO:

Charities' Report: Stressed Families - Overstretched Services

“Like so many of the whānau and families they serve social service organisations are under huge financial stress. The support demanded from desperate people in communities is far outreaching the resources available.” More>>

ALSO:

Detention: Wellingtonians Protest Treatment Of Refugees

Peace Action Wellington (PAW) and around 50 Wellingtonians blockaded the Australian High Commission, creating a symbolic detention centre to protest the Australian Government's policy of mandatory offshore detention for refugees and asylum seekers. More>>

ALSO:

Diver's Alarums: Breach Means Training Provider Must Repay $1.47 Million

The New Zealand School of Outdoor Studies is to repay $1.47 million (GST-exclusive) to the Tertiary Education Commission (TEC) following an investigation which showed that some student enrolments between 2009 -2014 could not be validated and that courses were under-delivered against their agreement with the TEC. More>>

ALSO:

Education: Government Plans Suggest Bulk Funding Return

Plans by the Government to return to bulk funding are likely to see increased class sizes and schools most in need missing out on much-needed resources, Labour’s Acting Education spokesperson Grant Robertson says. More>>

ALSO:

Interim Report: Auckland Looks Long Term To Pay-Per-Km Road Pricing

Aucklanders can expect to be paying variable rates per kilometre to travel on the city's most congested roads under an emerging transport strategy being formulated by the government and the Auckland Council. More>>

ALSO:

Despite Promises: Government Extends Iraq Deployment

Cabinet has agreed to extend New Zealand’s contribution to the joint New Zealand-Australia mission to train Iraqi Security Forces until November 2018. More>>

ALSO:

On The 'Terrorism' Card:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news