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As part of the Kaikōura Marina development programme, the Provincial Growth Fund will provide $9.88 million to design and build Wakatu Quay and $1 million to look at the potential of South Bay Harbour and the surrounding areas.
The PGF has been allocating $3 billion over three years to regional economic development throughout New Zealand.
Said Fletcher Tabuteau, Parliamentary undersecretary for regional economic development: "This is a great time to support tourism and business opportunities in the Kaikōura region as they turn around economic and environmental struggles following the devastating earthquake in 2016.
"Tourism is one of Kaikōura’s largest employers and main industries.
"The Kaikōura Marina development programme begins the process of increasing the tourism destinations available in Kaikōura.
“The development programme is projected to create up to 50 new jobs and up to 100 indirect new jobs in the wider Kaikōura region.
“PGF funding of $9.88 million has been allocated for the design and build of Wakatu Quay development – a new destination which will revitalise the wharves and celebrate the linkages of Kaikōura 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 Kaikōura Range.
"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 Kaikōura 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,” Mr Tabuteau said.