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

 


Govt to support 2015 & 2018 Volvo Ocean Race


Hon Steven Joyce
Minister for Economic Development
29 January 2013 Media Statement
Govt to support 2015 & 2018 Volvo Ocean Race Auckland stopovers

The Major Events Development Fund will invest $1.5 million on each of two Volvo Ocean Race Auckland stopovers to be held in 2015 and 2018 following an announcement today by Economic Development Minister Steven Joyce.

The funding will assist with event delivery and to leverage a broad range of immediate and longer-term benefits from the stop-overs.

“These events provide a platform to leverage benefits for New Zealand, particularly for New Zealand’s marine sector. The marine industry has $1.7 billion in annual turnover, produces $650 million in exports each year and employs 9,000 full time staff. The Volvo Ocean Race stopovers provide a great opportunity to showcase this sector’s expertise internationally,” Mr Joyce says.

“Economic impact figures show that the 2015 and 2018 stopovers will provide a GDP impact to New Zealand of approximately $7.4 million respectively and attract 1,880 international visitors each year.”

The Government invested $1.5 million in the 2012 Volvo Ocean Race Auckland stopover and the new investment will cumulatively build on the benefits generated by the 2012 event.

“The economic impact figures for the 2012 Stopover showed it generated an additional $6.3 million to New Zealand’s GDP and attracted 1,681 international visitors,” Mr Joyce says.

“Around 275,000 spectators visited the race village in 2012. Exhibitors in an associated New Zealand Marine Showcase noted crucial relationships and sales leads were formed with international clients, including race syndicates, during the stopover.”

The Volvo Ocean Race is a round-the-world yacht race held every three years. It spans a nine month period which includes a number of stopovers at international ports to allow for boat maintenance and rest time for the crews.

It is anticipated that Auckland will host 15 day stopovers in early 2015 and 2018.


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Parliament Today:

The Kids: OECD Report Shows Huge Impact Of Poverty On Education

A new report from the OECD has again highlighted the negative effects of poverty, showing that disadvantaged children in New Zealand are more than six times more likely to underachieve in maths than children from wealthier homes. More>>

ALSO:

Pacific: NZ Pledges $500,000 To Help Address Zika

“With the Zika virus now confirmed in a number of Pacific countries, New Zealand is committed to helping limit the impact and spread of the virus in the region,” says Mr McCully. “New Zealand will provide $250,000 as a contribution to the WHO to implement the Pacific Zika Action Plan, and a further $250,000 to enable countries in the region to respond rapidly if required." More>>

ALSO:

Labour: Police Commissioner 'Doesn’t Get Force Needs'

The Police Commissioner has let down the public and his own force by insisting the police have what they need despite it taking a year to solve a burglary and overwhelming number of officers saying they are under-resourced, says Labour’s Police spokesman Stuart Nash. More>>

ALSO:

Gordon Campbell: On The US Pressure To Expand Our Role In Iraq

Foreign news services are being more forthcoming about what the “next 12 months” will entail – essentially, the defence ministers will be under US pressure to increase their “training” role preparatory to an assault on the city of Mosul in northern Iraq. More>>

ALSO:

Parliament Restarts: Prime Minister’s Statement

Our policy agenda and legislative programme will reflect the Government’s four priorities: • to responsibly manage the Government’s finances • to build a more competitive and productive economy • to deliver better public services to New Zealanders, an • to support the rebuilding of Christchurch. More>>

ALSO:

NZEI Survey Report: Special Needs Students Missing Out

The survey revealed that around 16 percent of students were on schools’ special needs registers, but nearly 90 percent of schools’ special needs coordinators did not believe there was adequate support for students and their learning... More>>

ALSO:

Interim Report: Waitangi Tribunal On Ture Whenua Legislation

Labour on Proposed changes to Maori land rules: “To have Treaty Negotiations Minister Chris Finlayson dismiss findings as ‘bizarre’ is totally disingenuous and disrespectful. What’s bizarre is Maori Development Minister Te Ururoa Flavell stubbornly pushing through this Bill before the Waitangi Tribunal has even completed its report..." More>>

ALSO:

Spy Update: Appointment Of GCSB Acting Director

GCSB Chief Legal Advisor Lisa Fong will become the Acting Director of the Government Communications Security Bureau (GCSB) from 15 February 2016, Minister Responsible for the GCSB Christopher Finlayson announced today. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news