Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Govt picks consortium for Chch convention centre

Govt picks Plenary, Ngai Tahu, Carter consortium for Chch convention centre

By Paul McBeth

Aug. 7 (BusinessDesk) - The government has chosen a consortium made up of Plenary Group, Ngai Tahu Property and Carter Group to build a convention centre able to seat up to 2,000 people in Christchurch.

Prime Minister John Key and Earthquake Recovery Minister Gerry Brownlee today announced the Plenary Conventions New Zealand consortium as the preferred developer and hotel operator Accor as the preferred operator of the new convention centre, to which the government has committed $284 million. Construction is expected to begin next year, with the centre open for business in 2017.

"The next step for the consortium is to formally enter into a master planning and development phase, where the Crown will work with Plenary Conventions NZ on the detail of the precinct ahead of construction," Brownlee said in a statement. "I'm confident the end result will be a vibrant, world-class convention centre precinct that attracts conference and convention visitors from all over the world, and delivers significant economic benefits for the Canterbury region."

Local authorities around the country have started looking at convention centres as a means to boost tourism earnings, including Auckland, Queenstown and Wellington. Christchurch's nearly new convention centre was demolished after the 2010 and 2011 earthquakes.

Brownlee said he expects the Christchurch centre would complement other facilities around the country.

Land in the convention centre precinct would also house hotel accommodation, hospital, retail, and commercial and residential property, he said.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Consents And Taxes: Trustpower 'very Disappointed' With Judgement

Trustpower is "very disappointed" with a Supreme Court ruling dismissing its bid to claim tax deductions on $17.7 million of project costs in a case closely watched by large-scale infrastructure developers. More>>

ALSO:

Fruitful Endeavours: Kiwifruit Exports Reach Record Levels

In June 2016, kiwifruit exports rose $105 million (47 percent) from June 2015 to reach $331 million, Statistics New Zealand said today. Overall, goods exports rose $109 million (2.6 percent) in June 2016 (to $4.3 billion). More>>

ALSO:

Economic Update: RBNZ Says Rate Cut Seems Likely

The Reserve Bank will likely cut interest rates further as a persistently strong kiwi dollar makes it difficult for the bank to meet its inflation target, it said. The local currency fell. More>>

ALSO:

House Price Action Plan: RBNZ Signals National Lending Restrictions

The central bank wants to cap bank lending to property investors with a deposit of less than 40 percent at 5 percent and restore the 10 percent limit for owner-occupiers wanting to take out a mortgage with a deposit of less than 20 percent, according to a consultation paper released today. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news