Otago region gets PGF boost
May 27, 2019
- News and announcements
The Provincial Growth Fund is investing in tourism, transport, manufacturing and skills in the Otago region, with a $7.1 million investment announced on 24 May by Regional Economic Development Minister Shane Jones.
The announced projects were:
- Clutha Gold Great Ride Cycle Trail (Clutha District Council) – $6.5 million
- Construction workforce modelling (Dunedin City Council) – $250,000
- SH1 Rosebank Industrial Estate slip lane (Clutha District Council) – $218,000
- Scoping of new and advanced wood fire technology (Escea Limited) – $96,000
- Economic Impact Assessment of an adventure park in Cromwell (Big Daddy Adventures Limited) – $20,000
The Clutha District Council will receive $6.5 million to expand the Clutha Gold Great Ride Cycle Trail by an additional 63 km from Lawrence to Waihola via Milton. The trail has the potential to create an average of 36 jobs per year in its first 10 years of operation, rising to 47 new jobs by 2031.
Shane Jones said that the expansion of the cycle trail will showcase the Clutha District’s natural beauty and will create an environmentally-friendly tourist attraction for visitors to the area.
The Clutha District will also benefit from a $200,000 PGF investment to build a slip lane off State Highway One, allowing the newly established Rosebank Industrial Park to meet traffic pressures and expand to include more businesses.
The entire Otago region will benefit from a $250,000 investment in construction workforce modelling, which has the potential to help get local people ready to work on the more than 700 construction projects planned for the region over the next 10 years.
Other announced funding included a $96,000 investment for Dunedin-based manufacturing company Escea Limited to investigate new and advanced wood fire technology. A further $20,000 investment will go towards an economic impact assessment on the establishment of an adventure park in Cromwell.