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

'Tea Break Bill' Passes: Gordon Campbell On Bad Labour Laws And Poor Safety

By co-incidence, one of the prime dangers of the government’s new employment relations law has been underlined by the release of the death and injury statistics among workers at New Zealand ports. These are highly profitable enterprises for the port owners.

The Port of Tauranga for instance, is expecting its current full-year profit to be between $78 million and $83 million and other ports are enjoying similar boom times – but they are also highly dangerous places for the people who work on or around the port premises. At the Port of Tauranga, there have been 26 serious accidents since 2011, and two deaths. More>>

 

Parliament Today:

No Charges: Outcome Of Operation Clover Investigation

Police have completed a multi-agency investigation, Operation Clover, into the activities of a group calling themselves “The Roast Busters”. The 12 month enquiry focused on incidents involving allegations of sexual offending against a number of girls in the Waitemata Police district and wider Auckland area... More>>

ALSO:

UNICEF Report: NZ Cautioned On "Stagnating" Child Poverty

An international report by UNICEF has found that child poverty rates in New Zealand have barely changed since 2008, despite similar sized countries significantly reducing child poverty during the recent recession. More>>

ALSO:

Funding Report: Two Pathways For Transport In Auckland

Commissioned by Auckland Council, the group was asked to investigate two possible pathways for raising $300 million per year ($12 billion over 30 years) to pay for the improvements needed to help fix Auckland’s transport system. More>>

ALSO:

Pay Equity: Equal Pay Win In Court Of Appeal

CTU: The Court of Appeal has made a historic decision paving the way for a substantial equal pay claim for aged care workers. More>>

ALSO:

Gordon Campbell: On The TPP Finishing Line, And Amazon’s Woes

If the Trans Pacific Partnership trade deal wasn’t such a serious matter, this would be pretty funny… More>>

ALSO:

TV3 Video: Three Die On Roads Over Labour Weekend

The official holiday period ended at 6am Tuesday, with three deaths on the roads during the Labour Day weekend. More>>

Employment Relations Bill: Govt Strains To Get Tea Break Law Through

The Government has been left with egg on its face - failing to get its much-vaunted, but hugely unpopular, meal break law passed in the first week of its new term, Labour spokesperson on Labour Issues Andrew Little says. More>>

ALSO:

Guns: Police Association Call To Arm Police Full Time

"The new minister gave his view, that Police do not need to be armed, while standing on the forecourt of parliament. The dark irony was that the interview followed immediately after breaking news of a gunman running amok in the Canadian parliament in Ottawa..." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news