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


Police Authority: Use Of Taser Was Disproportionate And Unjustified

The Independent Police Conduct Authority has found that an officer’s second use of a Taser on a mentally unwell Hokitika man was disproportionate and unjustified. More>>


Gordon Campbell: On Holidays, Hekia Parata And Badlands

Hekia Parata, adieu. Reportedly, she’s been ‘passionate’ about education. She has “bravely’ led the charge on the government’s education reforms. In the past week , many of the postscripts to Hekia Parata’s career as Education Minister have sounded like a schoolteacher desperately trying to find some reason why a D student can be marked up to C minus. More>>


Minister of Finance: Plan Shows $100 Billion Infrastructure Projects

Finance Minister Bill English has today launched the Government’s Ten Year Capital Intentions Plan (CIP) which shows a pipeline of $100.9 billion worth of infrastructure projects over the next decade. More>>


Werewolf: Safe Landings Gordon Campbell on the safety challenge to the Wellington runway extension.

The safety-related legal challenge revolves around the size of the 90 metre long Runway End Safety Area (RESA) being proposed for the runway extension. More>>


Environment Commissioner: We Need To Work Together On Climate Change And Farming

“The debate around agricultural emissions and the ETS has been polarised for too long,” said the Commissioner. “But the ETS is not the only way forward – there are other things that can be done.” More>>


NZ Super Fund: Seeking To Put A Market Price On Climate Change

Oct. 19 (BusinessDesk) - The New Zealand Superannuation Fund says it will devise a set of rules to assess investment winners and losers under climate change, a strategy that could rule out fossil fuels or producers such as current portfolio member Exxon ... More>>


Rejuvenation: Parata Will Not Contest 2017 Election

Education Minister and National List MP Hekia Parata has today announced that she will not be contesting the next election. She advised the Prime Minister of her decision earlier this year. More>>

Prisons Grow: Government Approves Plans For Increased Prison Capacity

Despite significant progress in reducing crime the number of prisoners has increased faster than projected. This is because the proportion of offenders charged with serious crimes has risen, meaning more people are being remanded in custody and serving more of their sentences in prison. More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news