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

 

Wellbeing effects from native reversion at Pamoa Forest

Detailed financial modelling on planned native reversion of the Council owned Pamoa Forest shows the project will impose minimal costs to ratepayers.

Last year Council decided on a future composition for Pamoa of about 71 percent native trees and 29 percent commercial pine forest, with the primary intent of protecting the city’s water supply, while also producing an economically viable second rotation of commercial forest.

A report presented to Council today outlined the financial implications of this native and pine mix, mapped alongside the Long Term Plan 2018-2028 to show how it aligned with rates increases and overall debt.

Initial modelling shows loan funding will occur during the establishment of native forest, with forecast income matching outgoing maintenance costs by around year 15 of the project. The projections indicate a 0.3 percent rate rise.

An independent economic analysis of wellbeing effects has also been completed, taking into account economic, social, cultural and environmental wellbeing.

A cost benefit analysis was used to establish the financial return, while a societal return on investment has been used to establish non-financial return.

The economic wellbeing includes the value of a secondary commercial harvest, apiculture rental to Council, improved water supply security, as well as potential funding from One Billion Trees.

Cultural wellbeing showed the highest return in the analysis, noting connectedness to te mauri te ngahere and an increase in passive value of heritage areas.

The report concludes the agreed upon native and pine mix will deliver a well-being benefit nationally and locally, and a small economic benefit to council.

In February next year an implementation report will go to Council, providing more detail about the work programme, including timelines and budget phasing requirements.

Additional background info:

Council bought the Pamoa forest block in 1989 after Cyclone Bola as a way of guaranteeing the long-term control of land use around the Gisborne waterworks – Mangapoike Dam and Waingake water supply pipeline.

In 1993 it entered into a joint venture with Juken New Zealand to manage the land surrounding the pipeline as a commercial forest. The land uses of commercial forestry and water infrastructure were considered complimentary, with pine planting providing soil stability through the maintenance of tree canopy, as well as pest plant and animal control.

Pamoa consists of approximately 1100ha of commercial pine forest and 500ha of native vegetation in various stages of regeneration and maturity.

With portions of the forest approaching maturity for harvest, Council needed to make a decision around the long term plan for the forest to inform planning and consenting.

ENDS


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Risk Of Being Short Changed By Pfizer

Who knew that the delivery of the Covid vaccines was going to be such a headache? All the predictions had been around the likely distribution problems. Would there be enough trained vaccinators around the country, a sufficient number of medical glass vials, a sufficiently robust “cold chain” to safely store the vaccines out in the field? All those issues remain. Currently though, production and delivery concerns are also hovering over whether the drug companies will live up to their contractual commitments, on time... More>>

 

National: Leader Of The Opposition’s State Of The Nation Speech

Kia ora and thank you for that welcome. It is a pleasure to be here. Thank you to the Rotary Club of Auckland and the EMA for hosting me at this first event in your centenary year. National and Rotary share many common principles, including community ... More>>

ALSO:

Ministry Of Health: Probable Case Of COVID-19 In A Returnee

The Ministry of Health is investigating a positive test result in a person who recently travelled from overseas and completed their stay in managed isolation in a facility in Auckland. In the case we are investigating and reporting today, the person had ... More>>


ALSO:


Oranga Tamariki: Chief Executive Grainne Moss Steps Down

Controversial Oranga Tamariki chief executive Grainne Moss has decided to step down. More>>

ALSO:

USA: Prime Minister Congratulates President Joe Biden On His Inauguration

Prime Minister Jacinda Ardern has congratulated President Joe Biden on his inauguration as the 46th President of the United States of America. “I look forward to building a close relationship with President Biden and working with him on issues that matter ... More>>

ALSO:


Government: New Zealand And China Sign FTA Upgrade

Trade Ministers for New Zealand and China today signed an upgrade to the free trade agreement between the two countries. “This modernises our free trade agreement and ensures it will remain fit for purpose for another decade,” Minister for Trade ... More>>

Oxfam NZ: Wealth Of New Zealand’s Richest Person’s Soars By $3.4bn Since Beginning Of Pandemic

New Zealand’s richest citizen, Graeme Hart, has seen his fortune increase by NZ$3,494,333,333 since March 2020 – a sum equivalent to over half a million New Zealanders receiving a cheque for NZ$6,849 each, reveals a new analysis from Oxfam today. The New Zealand ... More>>

ALSO:

Government: New Public Housing Plan Announced

RT HON JACINDA ARDERN HON DR MEGAN WOODS The Government has released its Public Housing Plan 2021-2024 which outlines the intention of where 8,000 additional public and transitional housing places announced in Budget 2020, will go. “The Government ... More>>

Government: Pre-Departure Testing Extended To All Passengers To New Zealand

To further protect New Zealand from COVID-19, the Government is extending pre-departure testing to all passengers to New Zealand except from Australia, Antarctica and most Pacific Islands, COVID-19 Response Minister Chris Hipkins said today. More>>

ALSO:

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels