The Provincial Growth Fund is investing $10.88 million to boost business and tourism opportunities in Kaikoura, Parliamentary Undersecretary for Regional Economic Development, Fletcher Tabuteau announced today.
As part of the Kaikoura Marina Development Programme, the following two projects will receive PGF funding:
- A $9.88 million investment to begin the design and build of the Wakatu Quay
- $1 million to look into the potential of South Bay Harbour and surrounding areas
"This is a great time to support tourism and business opportunities in the KaikŬçura region as they turn around economic and environmental struggles following the devastating earthquake in 2016," Fletcher says.
"Tourism is one of Kaiko¬çura’s largest employers and main industries. The Kaiko¬çura Marina Development Programme begins the process of increasing the tourism destinations available in Kaiko¬çura.
"The development programme is projected to create up to 50 new jobs and up to 100 indirect new jobs in the wider Kaikoura region.
"PGF funding of $9.88 million has been allocated for the design and build of Wakatu Quay Development Рa new destination which will revitalise the wharves and celebrate the linkages of Kaikoura to its marine environment. The space will include dining, retail and local cultural elements.
"The purpose of the Wakatu Quay redevelopment will mean visitors can take in the beauty of the surrounding scenes including the Seaward Kaikoura Range," Fletcher says.
"PGF funding of a further $1 million is to look into the potential of South Bay Harbour and surrounding areas. Both projects will be managed by the Kaikoura District Council.
"The PGF boost will also provide the foundation for the future development of South Bay Harbour which is currently the launching site for the marine eco-tourism operators, commercial fishing sectors and recreational users.
"These PGF projects align with the Canterbury Regional Economic Development Strategy’s regional visitor aims, with a strong focus on sustainable growth in tourism," Fletcher says.
