Our Key Partners
Our Key Partners:
- The New Zealand Government and the Ministries of Economic Development and Social Development
- BayTrust
- Horizon Energy Distribution Limited
- Environment BOP
- Whakatohea Maori Trust Board
- Eastern Sea Farms Limited
Opotiki District Council is working closely with a number of key partners to progress this vital economic and social development project.
A Memorandum of Undertaking is in place with the Whakatohea Maori Trust Board, which sets out our joint intent to work together to bring the harbour development project to fruition and establish a base for mussel farming and processing in Opotiki. A similar agreement is in place with Eastern Sea Farms Limited.
The feasibility study which led to this project was jointly funded by the New Zealand Ministries of Economic Development and Social Development, BayTrust and the Opotiki District Council.
Stage Two, involving detailed engineering and technical studies to identify the preferred training structure option for the harbour mouth, has been completed with funding and support coming from Horizon Energy Distribution Limited (providing both financial assistance and technical support in the development of the business case to be made to the Government for the final design and construction phase), BayTrust (a financial contribution of $200,000 from the Trust’s Community Development Fund), Environment BoP and Council.
It is estimated that the resource consent process for the project will cost some $500,000. Funding contributions will be sought to help meet that cost.
The New Zealand Government will be asked to substantially underwrite the project’s construction phase (estimated to be between $22.6 million and $62.4 million depending on the preferred construction design and engineering aspects to be considered during the detailed design phase). One of the Government’s regional development priorities is to promote economic transformation and there is a strong case supporting investment in the harbour project because of the increased tax revenue (business and personal tax, plus GST from increased economic activity), reduced social welfare costs (arising from higher employment) and the reduced social costs which will result from it. The Opotiki District Council will also be a substantial investor, with further contributions to be sought from commercial entities and regional funding agencies.
about the project | background | our partners | project team | economic & social | technical data
