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

 

Chamber welcomes runway extension impact report

Chamber welcomes runway extension impact report


Wellington Employers’ Chamber of Commerce welcomes the economic impact report on extending the airport runway which shows clear benefits for the city, the region and for New Zealand.

“This report backs up what the Chamber and many others have believed for some time – that there are economic benefits from this initiative,” says Chamber President John Milford.

“The extension has long been at the top of our members’ list of initiatives to help move the city and the region forward.

“The report identifies several reasons for pressing ahead, including the fact that an influx of tourists, business people and international students could inject as much as $1.75 billion into the national economy, and $684m into the local economy by 2060.

“But a surprise is the number of daily flights that would likely turn a profit running the newer wide-bodied jets out of Wellington – flights to Singapore, Hong Kong, or Dubai via Melbourne. Even a return service to Los Angeles and Kuala Lumpur three or four times a week.

“That’s very significant because that it means more airlines will be attracted to Wellington and so the whole project suddenly becomes more feasible. It would mean everyone wins.
“The report also shows that having such services on our doorstep will mean big savings in international travel time for those in the airport's catchment area.

“Saving an estimated one third in travel time and cost is a vital consideration for business.

“This is great progress, it’s very exciting, and now we wait for the resource consent application to proceed.
“As far back as 1960 the Chamber was advocating for an extension for international jet services, which delivered vital and ever-growing links with Australia, and today most our members still see direct long-haul connections as vital to the region.”

ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Federated Farmers: NAIT Levy Increases Must Achieve Accurate, User-friendly System
Nobody welcomes extra costs but if OSPRI is to catch-up on under investment in the NAIT platform and deliver on its workability and farmer support, levy increases are probably necessary, Federated Farmers says... More>>



Westpac: More Job Opportunities, But Growth In Workers’ Earnings Remains Subdued

The Westpac McDermott Miller Employment Confidence Index rose 1.2 points in the December quarter, to a level of 106.9. This was the sixth straight rise in the index since the Covid-19 lockdown in 2020. Michael Gordon, Acting Chief Economist for Westpac, noted that the rise in the index has largely been driven by perceptions... More>>




Statistics: Card Spending Continues To Increase As COVID-19 Restrictions Ease

The busy Christmas period combined with easing COVID-19 restrictions helped to increase card spending in December 2021, Stats NZ said today... More>>

TradeMe: Job Market Ends 2021 On A High With Record Number Of Vacancies
The New Zealand job market finished 2021 on a high note, with the ball still firmly in the job hunters’ court, according to the analysis of 69,600 vacancies listed on Trade Me Jobs for the quarter ending 31 December (Q4)... More>>


Insurance Council of New Zealand: September South Island Windstorm Cost $36.5 M Raises 2021 Extreme Weather Claims Total To $321.6 M

Gale force winds and storms between 9 and 13 September 2021 resulted in insurers supporting communities to the tune of $36.5 m. This is a significant rise, of $16.7 m, on preliminary figures for the event and lifts the end of year total for all extreme weather events in 2021 to $321.6 m... More>>


Statistics: Building Consents Hit New Highs In November
There were a record 48,522 new homes consented in the year ended November 2021, Stats NZ said today. This was up 26 percent compared with the year ended November 2020... More>>