Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Taupo Motorsport Park gets govt support

June 9 2006

Taupo Motorsport Park gets govt support


The government will provide $2 million for new facilities at the Taupo Motorsport Park, to enable New Zealand to host big international motor racing events, Economic Development Minister Trevor Mallard and Taupo MP Mark Burton announced today.

"This investment will give New Zealand a complex that is capable of hosting international racing events which can not currently be staged elsewhere." Trevor Mallard said.

The $13 million track and business park at the Taupo Motorsport Park has received significant funding from the Taupo District Council and a group of private investors.

The government funding of $2 million over three years comes through New Zealand Trade and Enterprise's Major Regional Initiative (MRI) fund, a component of its Regional Partnership Programme.

The funding will be used primarily to build a pit lane complex, media and corporate facilities and is conditional on the centre securing an international event.

Some funding will also go towards additional track safety features to comply with Federation Internationale De L'Automobile (FIA) Class 2 standards, allowing the centre to host large international motor sports events.

"The Taupo Motorsport Park facilities will be world-class when completed and as good as the best facilities in Australia," Trevor Mallard said.

Mark Burton said it was great news for the Taupo economy and for local jobs.

"Taupo will be a wonderful showcase and this project will also give good spin-offs to the national economy. International media coverage of races could provide huge returns to New Zealand's tourism sector and also highlight its technological and manufacturing prowess," Mark Burton said.

The Taupo Motorsport Park also features a business park nearby to service the activities of the racetrack and its users, and to encourage the development of a cluster of high-technology companies that are able to leverage business from motor sport activity at the track.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>


Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>


More Justice & Corrections

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>


Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>


Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>


General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news