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



Australia Deportations: English Relaxed On Immigration Centre Conditions

Labour's Annette King: “There have been numerous reports from inside these detention centres on just how bad conditions are... If they were being held in any other foreign jail, I imagine Mr English would be somewhat concerned. More>>


Schools: Achievement-Based Funding Would Be A Disaster

The Education Minister’s speech to the PPTA Conference raising the spectre of achievement data driving a new funding system would be disastrous, says NZEI Te Riu Roa. More>>

  • Video Out-Link - PPTA Annual Conference 2015 on Livestream (Q+A dicussion suggests funding would be directed to less successful schools.)

  • ALSO:

    ECE Report:

    Key In NY: Prime Minister Addresses United Nations

    Prime Minister John Key has addressed the United Nations General Assembly in New York, focusing on a call for action in Syria and on other conflicts, reform of the veto process and on the UN’s Sustainable Development Goals. More>>.


    Gordon Campbell: On The Lack Of Accountability Over Philip Smith

    In New Zealand, accountability is an exotic creature rarely glimpsed at ministerial level, or among senior management. The flight to Rio by the paedophile /murderer Philip John Smith/Traynor is no exception. More>>


    More On Corrections

    Gordon Campbell: On Putin’s Diplomatic Coup Over Syria

    There’s a simple historical precedent for what is occurring in Syria. During WWII, the Allies joined forces with a known butcher and tyrant – Joseph Stalin of the Soviet Union – in order to defeat a greater evil, Nazi Germany… More>>


    Key 'Didn't Know': Brownlee Seeks Pandas In China

    While Defence Minister Gerry Brownlee is in China pushing a taxpayer funded deal to bring two pandas to New Zealand, the country’s military look set to be hit with a pay freeze, Opposition Leader Andrew Little says. More>>


    Scoop Business: GCSB Willing To Extend Cyber-Attack Programme To Local ISPs

    The Government Communications Security Bureau’s ‘Cortex’ cyber-security programme has been successful in helping identify and mitigate a series of cyber attacks since its introduction and an extension to cover local internet service providers is still on the cards... More>>


    Get More From Scoop



    Search Scoop  
    Powered by Vodafone
    NZ independent news