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New Zealand to invest in West Coast projects to lift productivity and economy in region

The Provincial Growth Fund (PGF) is backing the West Coast with an initial investment in projects that could lift the region’s productivity potential and future-proof its economy.


Government Press Release New Zealand
Updated: 21-07-2018 04:14 IST
New Zealand to invest in West Coast projects to lift productivity and economy in region

The Provincial Growth Fund is an enormous opportunity for the West Coast and I look forward to continuing to advocate for investment in our wonderful region that will help diversify our economy and create new opportunity, says O'Connor. (Image Credit: Flickr)

The Provincial Growth Fund (PGF) is backing the West Coast with an initial investment in projects that could lift the region's productivity potential and future-proof its economy.

Regional Economic Development Minister Shane Jones, Rural Communities Minister and West Coast-Tasman MP Damien O'Connor and Under-Secretary Fletcher Tabuteau visited the West Coast today to announce further Government support for the region.

The PGF government will invest $625,000 in four feasibility studies for proposals that would boost tourism, increase transport resilience and generate employment opportunities.

"The feasibility studies will allow the region to investigate the viability of upgrades to both Westport and Greymouth Ports, develop a master plan for Greymouth and help KiwiRail explore options for a scenic rail service between Hokitika and Westport," Shane Jones said.

"These initiatives are just the start and we will continue to work closely with the West Coast to support the development of proposals that lift the overall productivity potential of the West Coast. I look forward to making more announcements in the future."

Damien O'Connor said the West Coast had numerous investment opportunities in the pipeline and he was glad to see the region working together to access PGF support.

"The Provincial Growth Fund is an enormous opportunity for the West Coast and I look forward to continuing to advocate for investment in our wonderful region that will help diversify our economy and create new opportunity," Damien O'Connor said.

COUNTRY : New Zealand

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