WELLINGTON, New Zealand (New Zealand Government PR) — The Provincial Growth Fund is investing $8.3 million [US $5.16 million] on a roading package for Mahia that will lead to greater and wider economic benefits for the region and beyond, Under Secretary for Regional Economic Development Fletcher Tabuteau announced at an event in Mahia today.
The $8.3 million [US $5.16 million] announced consists of:
- $7 million [US $4.35 million] for traction sealing and other works to 12.5 km of road on the Mahia East Coast Road
- $1 million [US $621,858] to seal a 4 km adjoining road on Onenui Station that leads to the Rocket Lab launch site.
- $300,000 [US $186,557] to investigate realigning the 11.3 km Nuhaka-Opoutama Road.
“These roads are critical to the community, visitors, tourists, farmers, forestry workers, logging trucks, fishing industry, and businesses. Investing in these particular roading projects will give everybody greater confidence in the long-term accessibility of the Mahia Peninsula,” Fletcher Tabuteau said.
“We know that roads and rail access are vital to a region’s economic growth. The upgrade of the Mahia East Coast road adjoining to the Onenui station road, treated as an integrated project, will make a huge difference including increased visitor flow and business confidence in the region.
“Rocket Lab for example, is a business that has already created $18.2 million [US $11.32 million] in benefits for the region and these roading upgrades will enable them to safely transport equipment as well as allow for further development.
“The $300,000 [US $186,557] funding to investigate an alternative route along the coast is also a valuable investment in the region to provide much needed certainty of access to the Mahia Peninsula for visitors and businesses for generations to come.”
“The Provincial Growth Fund is committed to supporting the Wairoa region to achieve its economic potential and to date has invested $24 million [US $14.92 million] in the area for a wide range of projects including digital connectivity, CBD re-development, rail, horticulture and a number of employment and training skills projects,” Fletcher Tabuteau said.
Funding from the Provincial Growth Fund is approved in principle and announced, after which contracts are negotiated. Some funding may depend on completion of business cases. Payments are made once agreed milestones are met. These are set as part of contract negotiations, and differ from project to project.