Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search


Major investments ahead for Capital

Major investments ahead for Capital

Major projects in Wellington City are set to attract significant investment from Chinese companies as a result of the Wellington business delegation to China led by Mayor Celia Wade-Brown.

An investment group with Wellington City Council Chief Executive Kevin Lavery and Wellington Regional Economic Development Agency chair Peter Biggs held a series of meetings in Beijing and Xiamen to attract investment in major projects earmarked for the Capital.

In particular, a partnership to explore funding for proposals for Wellington International Airport’s proposed expansion and hotel, the convention centre and hotel and housing developments in Shelly Bay was formalised with the signing of an MOU with Fu Wah Group and BCEG on Thursday 10 September.

“The warm reception for these potential projects signifies growing confidence in the Capital from overseas partners,” says Mayor Wade-Brown.

“Wellington’s business leaders, iwi partners, Council and our economic development agencies make an impressive collaboration for future prosperity.”

The City Council’s Economic Growth Committee Chair, Councillor Jo Coughlan, who signed the MOU, says the meetings have been extremely positive. “We’re looking forward to October when we host Fu Wah and BECG for further discussions.”

WREDA Chief Executive Chris Whelan said all participants in the meetings were open to the opportunities of investing in Wellington.

“Whether it’s government to government or corporation to corporation, it comes down to people to people,” he says. “We’ve got a very good base for Wellington business investment, based on a solid foundation of collegiality. Being in China has strengthened our relationships through face to face contact.”

The Wellington investment delegation included prominent Wellington business leaders Jason Fox from Port Nicholson Block Settlement Trust, Rob Morrison from Infratil, Ian Cassels and Caitlin Taylor from The Wellington Company, and David McGuiness from Willis Bond.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Dubious Wisdom Of Raising Interest Rates

During the last half of the 1990s, the first flickering signs of economic growth would cause then-Reserve Bank governor Don Brash to hike up interest rates and stamp them out. The fear back then was that if left unchecked, the embers of economic activity might cause the same inflationary fires to come roaring back to life that the West had experienced in the late 1970s. At the time, Brash would justify raising interest rates on the grounds that as RB governor, he always needed to be looking 18 months ahead, and judging where things might go by then, if he didn’t act now... More>>


Public Service Association: Data Shows Worrying Disparities
Eighty four percent of public servants are strongly motivated to stay working in the Public Service because their work contributes positively to society - and yet only 69 percent are satisfied with their job... More>>

Luxon: A New National For New Zealand
National Party Leader Christopher Luxon has today announced a new National for New Zealand – a fresh, energised alternative government ready to deliver for Kiwis in 2023... More>>

Cancer Society: Hopes Final Pharmac Report Is Stronger

Today the delayed Interim Report was released by the Pharmac Review Panel. The performance of Pharmac and access to cancer drugs is a major concern for the Cancer Society... More>>

CPAG: Govt Yet To Fully Implement A Single Key WEAG Recommendation Three Years On
None of the 42 key recommendations of the Welfare Expert Advisory Group (WEAG) have been fully implemented almost three years after the report release, with 22 minimally or partially implemented, new research by the Child Poverty Action Group (CPAG) has found... More>>

CPAG: Child Poverty Monitor 2021 Highlights Persistent Inequities In Rates Of Child Poverty
Child Poverty Action Group (CPAG) welcomes the release of the Child Poverty Monitor today, which shows that prior to the Covid-19 pandemic, poverty reduction targets were largely on track for Pākehā children, however significant inequities remained for tamariki Māori, Pacific and disabled children... More>>

National Party: Bridges Appointed Finance & Infrastructure Spokesperson

Hon Simon Bridges is the National Party’s new Finance and Infrastructure spokesperson, National Leader Christopher Luxon announced today. “Simon has prodigious skills, incredible talent and the intellectual heft needed to excel as National’s Finance spokesperson,” Mr Luxon says.... More>>




InfoPages News Channels