Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Forest industry welcomes funds for roads

MEDIA RELEASE

For immediate use

10 October 2002

Forest industry welcomes funds for roads

The New Zealand Forest Industry Council (NZFIC) has welcomed today’s announcement by transport minister Paul Swain that Transfund New Zealand should put more money into roading in the regions.

Mr Swain has directed Transfund to provide 100 per cent funding for land transport projects in East Cape and Northland regions in an effort to cope with the wall of wood due to be harvested there soon.

Speaking at the Forest Industry Forum in Whangarei today, NZFIC chair Devon McLean said this was great news for the industry, and also for the regions concerned.

“This funding will provide much needed improvements in roading standards to cater for the huge increase in wood harvest, and will go a long way to facilitate the development of the forest industry in those regions,” he said.

The direction applies to the allocation of the $30 million earmarked for transport-related regional development projects announced in February’s ‘Moving Forward’ package.

Transfund, which usually funds half a project’s cost, must now provide 100 per cent funding for regional development roads, and alternatives to roading, to six councils in the East Cape and Northland regions.

Today’s Forest Industry Forum in Whangarei, which attracted 150 participants, focused on the Wood Processing Strategy, and future issues relating to further processing of wood fibre in New Zealand – much of which will come from the Northland and East Cape regions.

[Ends]

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Retail: New Law Paves Way For Greater Supermarket Competition

Legislation that bans major supermarkets from blocking their competitors’ access to land to set up new stores paves the way for greater competition in the sector, Minister of Commerce and Consumer Affairs Dr David Clark said... More>>



International Business Forum: NZ EU FTA Coming Down To The Wire – Hold The Line

As negotiations accelerate to conclude an ambitious free trade agreement between New Zealand and the European Union, the NZ International Business Forum (NZIBF), representing a cross section of major exporters... More>>


MBIE: NZ space sector set to star in Moon mission
The New Zealand space sector is set to star in NASA’s CAPSTONE moon mission – with Rocket Lab launching a satellite to the Moon from New Zealand in June, and the lift-off of a separate NASA-NZ lunar research project... More>>



MYOB: New Data Shows Increase In SMEs Experiencing Stress And Anxiety

The lingering impacts of the COVID-19 pandemic have led to a surge in the number of local SME owners and operators experiencing stress and anxiety, according to new research from business management platform, MYOB... More>>



Carbonz: Cashing In On Carbon: The New Marketplace Helping Native Forest To Thrive

The country’s first voluntary carbon credit marketplace, Carbonz, is here to restore native biodiversity and help Aotearoa reach its carbon zero goals by selling the first carbon credits exclusively from native forest... More>>
Entrust District: Dividend Will Be Welcomed After Another Tough Year
We’ve all heard of the saying; “if it sounds too good to be true, it probably is” but for Aucklanders within the Entrust District, getting their share of Entrust’s 2022 annual dividend payment really is as good as it sounds... More>>