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

 

Council seals Bus Depot deal worth over $7 million

Media Release 26 November 1999

Council seals Bus Depot deal worth over $7 million

Wellington City Council has decided to appoint the joint bid from Stagecoach NZ and Ryman Healthcare as preferred tenderer for the Kilbirnie Bus Depot, a deal worth over $7 million.

The Council's acceptance of the Stagecoach/Ryman tender for the Kilbirnie Bus Depot site not only returns to the City $7 million (well in excess of the site's $4.4 million Government Valuation), but also protects Wellington's current public transport needs, and means new jobs and increased business for Kilbirnie.

"The tendering process has delivered a huge amount of value to Kilbirnie and to Wellington," says Mayor Blumsky.

"The Stagecoach/Ryman deal will provide accommodation for 178 buses and a brand-new, high-quality retirement complex built by an experienced developer that will house up to 305 residents. This will bring 85 new jobs into Kilbirnie and up to 305 new patrons for local businesses.

"Back in May this year, councillors Armstrong, Foster, Johnston, Morrison, Parkin, Piper, Prendergast, Shaw, Siers and myself voted to put the site to tender and we caught a huge amount of flak.

"The truth is, by taking that difficult decision, we have protected the public purse. We were always confident we could achieve this outcome and now we're totally vindicated."

For more information: Mark Blumsky (Mayor of Wellington) 04 801 3102 Donald Holder (Media Liaison Officer) 04 801 3109


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Digitl: The home printer market is broken
Printers are more of a security blanket that a serious aid to productivity. Yet for many people they are not optional.
Even if you don’t feel the urge to squirt ink onto dead trees in order to express yourself, others will insist on printed documents... More>>


Serious Fraud Office: Commences Enquiries Into Allegations Of COVID-19 Wage Subsidy Fraud
The Serious Fraud Office has commenced a number of enquiries into alleged abuse of the Government’s COVID-19 Wage Subsidy. Director Julie Read said the allegations relate to multiple complex cases of potential fraud that have been referred to the agency following extensive investigations ... More>>



Environment: Preliminary Environmental Data On New Zealand’s Air Quality Released Today

The Ministry for the Environment and Stats NZ have published the Our air 2021: preliminary data release today. We are currently working to revise the Our air 2021 report to incorporate analysis of the World Health Organization (WHO) 2021 air quality guidelines that were released on 23 September 2021... More>>

ComCom: Companies In Hot Water For Selling Unsafe Hot Water Bottles And Toys

A wholesaler and a retailer have been fined a total of $140,000 under the Fair Trading Act for selling hot water bottles and toys that did not comply with mandatory safety requirements. Paramount Merchandise Company Limited (Paramount) was fined $104,000 after pleading guilty in the Manukau District Court... More>>



Reserve Bank: Robust Balance Sheets Yield Faster Economic Recovery

Stronger balance sheets for households, businesses, financial institutions and the government going into the pandemic contributed towards maintaining a sound financial system and yielding a faster economic recovery than following previous deep recessions... More>>


Transpower: Releases Independent Report Into Events Of August 9
Transpower’s Chief Executive Alison Andrew has today released an independent report into the grid emergency of August 9 when insufficient generation was available to meet demand, leading to some customers being disconnected... More>>