‘More to come’ for district: Govt

Queenstown remained the second most popular place for foreigners to buy. Photo: Getty
Photo: ODT files.
The Finance Minister says there is more Government funding on the way for Queenstown Lakes.

On Friday Prime Minister Jacinda Ardern announced $85million for two shovel-ready projects in the resort: the long-mooted arterial routes project and a Queenstown town centre upgrade.

Yesterday morning, Finance Minister Grant Robertson said during a Queenstown Chamber of Commerce Zoom meeting Queenstown should "look out for more to come in this regard".

"We’re just working our way through the due diligence on all of the projects that we’ve selected. They’ll be announced over the coming weeks ... those first two Queenstown ones [are] great."

Mr Robertson said the arterial routes project was a "really good example" of how the Government wanted to put the shovel-ready projects together with the Resource Management Act fast-tracking changes, to ensure projects came to fruition "far, far quicker than had been intended".

It was a "top candidate" for the RMA process, he said.

The applications to the strategic tourism assets fund, from which AJ Hackett Bungy received a $5.1million grant — and the option of a further $1.5million loan — last week were "heavily oversubscribed".

That fund was designed to ensure "certain assets that operate at the core of either an area offering, or a sector offering, can continue to operate".

The fund would roll out over "the next couple of months".

The Government was ensuring it received advice from the tourism sector directly, in respect of the initial $400million announced for the industry in the Budget.



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