Water Investment In Raukokore
The
remote eastern Bay of Plenty community of Raukokere will
receive a Provincial Growth Fund (PGF) investment of $10.6
million for a water storage facility, Regional Economic
Development Minister Shane Jones says. “This is
great news for the rural community. The landowner, Te
Whānau a Maruhaeremuri Hapū Trust, will use the investment
- in the form of a loan – to design and build the water
storage scheme that will act as a catalyst for
under-utilised, under-developed Māori land,” Shane Jones
said. “The key focus of this project is to change
low productivity land to land that will support high value
horticulture. “The water storage facility will be
key to growth in the primary sector industries, leading to
increased jobs in the area. The long-neglected eastern Bay
of Plenty faces an uphill battle in increasing regional
economic growth and the rewards that brings such as higher
wages and more job opportunities,” Shane Jones
said. The scheme is intended to help develop 200-300ha
of high-value horticultural land, with the capacity to grow
to 900ha over time. A co-operative entity will be
established to own and operate the scheme with the water
users expected to be shareholders. Te Whānau a
Maruhaeremuri Hapū Trust previously received a PGF grant of
$950,600 for a feasibility study which found there was
significant potential in the development of a water storage
scheme. In addition to the $10.6m loan announced
today, Te Whānau a Maruhaeremuri Hapū Trust will receive
$894,161 to start a 20ha macadamia orchard. This investment
was part of the $30m Whenua Māori investment announced at
Waitangi earlier this month. Te Whānau a
Maruhaeremuri Hapū Trust represents hapū in Raukokere and
Waihau Bay. “Giving Māori landowners a helping hand
up is crucial in regions such as these that are isolated and
largely populated by Māori. Without the existence of the
Provincial Growth Fund there would be very few financial
avenues for these landowners. Access to grants and loans
which would not be able to be gained elsewhere helps these
landowners change the future of their whānau, hapū and the
wider community,” Shane Jones
said.Hon Shane
Jones
Minister for Regional Economic
Development
26 February
2020 MEDIA
STATEMENT