Parliament

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

 

America’s Cup infrastructure plans advance


Hon David Parker

Minister for Economic Development


4 December 2018 PĀNUI PĀPĀHO

MEDIA STATEMENT


America’s Cup infrastructure plans advance

The Government has agreed to further funding for America’s Cup infrastructure as certainty about the number of challengers moves a step closer.

Economic Development Minister David Parker says Cabinet has approved additional funds of $22.5 million, following higher than forecast costs for wave breaks and dredging work.

This follows the announcement on Friday by the Royal New Zealand Yacht Squadron and Emirates Team New Zealand (ETNZ) that an additional eight notices of challenge had been received by the deadline.

An acceptance process will determine how many challengers will compete in the Prada Cup alongside Luna Rossa, American Magic and INEOS Team UK.

The extra funding is subject to Auckland Council on Thursday also agreeing to increase its contribution. It would take the Government’s contribution to the Auckland waterfront development to $136.5 million.

“This investment will ensure we deliver a great regatta in 2021, and negotiating to remove the tank farm off Wynyard Point will help revitalise the waterfront,” David Parker said.

The 2021 event has been estimated to bring in an estimated $550m to $1 billion to the economy, return significant tax income to the Government and provide wonderful opportunities to showcase our country, people and innovation.

Many of the people who developed ETNZ’s carbon fibre technology have gone on to develop carbon composites for Rocket Lab rockets and new technology from the R and D programme has flowed through to the general marine industry.

“The development will provide a legacy for Auckland and for New Zealand for years to come. The Government’s investment represents a significant contribution to the major, multi-billion dollar rejuvenation of the Auckland waterfront that will be enjoyed by the city and visitors for generations – and by future America’s Cup defences.”

He said a detailed design and costing process for the Wynyard-Hobson infrastructure had been completed by Wynyard Alliance contractors as is standard for construction projects in order to finalise cost estimates against budgets.

It is possible that if the final number of challengers is five or less, then savings can be made by opting to base them all on Wynyard Wharf and dispensing with plans to extend Hobson Wharf.

No final date has been set for the number of challengers to be determined. But ETNZ CEO Grant Dalton has said the organisers want to act quickly to tell the Auckland Council and Government the total number of teams.


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Spying On Politicians, Activists, Iwi, Quake Victims: "Failings Across Public Service"

A State Services Commission investigation into the use of external security consultants by government agencies has uncovered failings across the public service, including breaches of the code of conduct...

However, the inquiry found no evidence of widespread inappropriate surveillance by external security consultants on behalf of government agencies. More>>

 

Children's Commissioner: Child Poverty Law "Historic Cause For Celebration"

...It represents a cross-party commitment to a fundamental shift of policy for our most disadvantaged children and should help undo 30 years of damage to children from our most vulnerable families. More>>

ALSO:

Dope News: Binding Cannabis Referendum To Be Held At 2020 Election

The referendum on cannabis for personal use is part of Labour's confidence and supply agreement with the Greens. It could be one of potentially three referenda - decisions have yet to be made about euthanasia and changes to electoral laws. More>>

ALSO:

Vic: Victoria University Name Change Rejected

Education Minister Chris Hipkins has declined Victoria University of Wellington Council’s application for a legal name change. More>>

ALSO:

PM's Post-Cab 17/12/18: Chief Justice, M Bovis

Prime Minister Jacinda Ardern's final post-cabinet press conference of the year focussed on announcing the appointment of Helen Winkelmann as the next Chief Justice, and an update on effort to eradicate Mycoplasma bovis from New Zealand. More>>

ALSO:

Law Commission Issues Paper: Use Of DNA In Criminal Investigations

In the 22 years since the Act came into force, it has become clear that the modern-day fingerprint analogy is increasingly inapt... Theoretically, whole genome sequencing could ultimately become the standard method of analysing a DNA sample. Such a development will give a new perspective on the concept of genetic surveillance in the criminal context. More>>

State Highways: $1.4 Billion For Road Safety Improvements

The Safe Network Programme will make 870 kilometres of high volume, high-risk State Highways safer by 2021 with improvements like median and side barriers, rumble strips, and shoulder widening. More>>

ALSO:

Dealing Crackdown, Addiction Support: Government Action On Synthetics

The NZ Drug Foundation has welcomed the Government’s response to synthetic drug deaths. The response strikes a balance between giving law enforcement the tools they need to target criminal networks and changing drug law to make it easier for people to access help when they need it. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels