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

 

Wellington needs the Airport Runway Extension

15 August 2016


Wellington needs the Airport Runway Extension


The proposed Wellington Airport runway extension is a welcome step in futureproofing the infrastructure needed to manage Wellington’s growth and development.

“We strongly support the application for the runway extension being granted. Make no mistake, not only Wellington, but the wider region, needs the runway extension. We believe that it will play a crucial role in creating and providing greater economic and social prosperity”, Property Council Wellington Branch President, Mike Cole, outlined.

“You cannot simply look at the pros and cons of the proposal in isolation. It is important to take a broad, holistic view of what the project can do for the region. The runway extension will provide a vision of a city and region open for investment and business, especially when coupled with the proposed Centreport expansion, the construction of Transmission Gully, the planned Convention Centre and the Movie Museum.

However, Mr Cole points out that “Wellington runs the risk of being left behind if we do not make the needed investment in our infrastructure. We are seeing billions invested per year in Auckland and hundreds of millions being invested in the Waikato and the Bay of Plenty for infrastructure to manage future growth. This is a golden opportunity that shouldn’t be missed.

“So instead of bickering about flyovers or undertaking projects with watered down benefits that appease the naysayers, let’s get on and build the runway extension. Historically, as a country we have been too conservative when funding major infrastructure projects. We have cut corners and end up with sub-optimal results or ended up spending far more on future upgrades. Look at the decades it took to debate whether to fund Transmission Gully or complete the Auckland rail existing network with the City Rail Link.



“Our inability to make the bold decisions is hurting us economically, both as a nation and a region.

Now is the time to build the runway extension to ensure that we provide the best possible opportunity for the continued development and growth of both Wellington city and the wider region.

“There are so many examples across New Zealand where investment in infrastructure has had a significant positive impact. Without the runway extension Wellington simply has no direct access too the lucrative North American and Asian markets. I have no doubts that Wellington will reap the economic benefits of the runway extension in the future.

END.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Conduct Review Response: Banks Commit To Removing Sales Incentives

The FMA and Reserve Bank of New Zealand said today that all banks had committed to remove sales incentives from frontline staff and their managers. More>>

Consumer Report: Insurance Market Complaints And Uncertainty

Consumers are paying more than ever for insurance but they’re not getting a fair deal, Consumer NZ’s latest report on the industry shows. More>>

ALSO:

Workers “Blind-Sided”: Sanford Processing Restructure Plan

Up to 30 jobs – almost half Sanford’s Bluff workforce - could be lost if the proposal to move white-fish processing to Timaru goes ahead. More>>

up arrow"Steady": GDP Up 0.6 Percent In March Quarter

“Construction was the main contributor to GDP growth this quarter, rising 3.7 percent, on top of a 2.2 percent increase in the previous quarter,” national accounts senior manager Gary Dunnet said. More>>

ALSO:

Gordon Campbell: On Our Wild West Banking Culture

David Hisco’s nine year stint as CEO of the ANZ bank (while his expense claim eccentricities went by unbothered by board oversight) has been a weird echo of the nine years of social neglect by the previous National government... More>>

ALSO: