Articles tagged with Imi
Showing 15 of 108 articles
Government to Receive $10M Special Dividend from Landcorp Farming in 2025/26
14 Apr 2026 | 4 months ago | 781 viewsThe Government will receive a $10 million special dividend from Landcorp Farming Limited, contributing to a total of $25 million in dividends returned to the Crown for the 2025/26 financial year. This payment reflects Landcorp’s strong financial position, improved operations, and commitment to delivering value for taxpayers, supported by favorable commodity prices and disciplined management. The special dividend follows a $9.5 million capital repayment from Fonterra and is considered a pass-through of this non-operating receipt, separate from Landcorp’s ordinary dividend policy.
Tags: Simeon Brown Landcorp Farming Limited New Zealand Government State Owned Enterprises Fonterra Shareholding Ministers Crown dividends public services commodity prices taxpayer valueFast-Track Approval Granted for Ayrburn Screen Hub Film Village in Queenstown
14 Apr 2026 | 4 months ago | 888 viewsFast-track approval has been granted for the Ayrburn Screen Hub, a 7,200m² film and television production village in Queenstown, expected to inject $280 million into the local economy and support around 370 local jobs annually. The expert panel assessed environmental, cultural, and infrastructural impacts, finding manageable landscape effects and significant regional environmental benefits, including improved water quality. This project is the second in Otago to gain fast-track approval, part of a broader initiative with numerous infrastructure and development projects progressing under the Fast-track Approvals Act.
Tags: Mr Bishop Waterfall Park Developments Limited Ayrburn Screen Hub Queenstown Otago Region New Zealand Mill Creek Lake Hayes Minister for InfrastructureTukituki Water Security Project Begins Pre-Construction in Hawkes Bay with $18M Loan
07 Apr 2026 | 5 months ago | 982 viewsThe Tukituki Water Security Project in Hawkes Bay will begin pre-construction work supported by an $18.13 million loan from the Regional Infrastructure Fund to enhance water storage and security. The project aims to enable irrigation of up to 22,000 hectares, create 300 construction jobs, and boost the region’s annual GDP by up to $693 million by supporting horticulture, seed production, and pastoral farming. By storing 104 million cubic meters of water, the facility will address water scarcity in one of New Zealand’s driest regions, promoting long-term economic growth and resilience.
Tags: Mark Patterson Tukituki Water Security Project Hawkes Bay Regional Infrastructure Fund water storage irrigation economic development food production water security Tukituki Water Limited PartnershipSpiny Rock Lobster Catch Limits Updated for Gisborne and Otago from April 2026
25 Mar 2026 | 5 months ago | 1026 viewsCatch limits for spiny rock lobster have been reduced in Gisborne (CRA 3) due to ongoing pressure and cyclone impacts, with a 49-tonne reduction in commercial catch and efforts to spread fishing activity for stock recovery. Conversely, the Otago fishery (CRA 7) shows positive signs, prompting a 21.9-tonne increase in commercial catch limits to support the local economy. The review also confirmed current catch settings for Southern blue whiting remain appropriate, with changes effective from April 1, 2026, following consultation with stakeholders.
Tags: spiny rock lobster Gisborne Otago Shane Jones CRA 3 CRA 7 catch limits sustainability commercial fishers Southern blue whitingGovernment Approves Infrastructure Levy to Build 1,500 New Homes at Te Awa Lakes
24 Mar 2026 | 5 months ago | 881 viewsThe Government has approved the use of an Infrastructure Funding and Financing (IFF) Act Levy to support the construction of around 1,500 new homes in the Te Awa Lakes development near Hamilton by funding up to $50 million in water and roading infrastructure. The IFF Act enables infrastructure costs to be financed through a Special Purpose Vehicle that charges levies to benefiting homeowners, bypassing local government borrowing constraints and allowing growth to pay for growth. Additionally, the Government is enhancing the IFF Act and supporting developments like Te Awa Lakes with the Greenfield Model to reduce financing costs and promote affordable housing growth.
Tags: Chris Bishop Te Awa Lakes Infrastructure Funding and Financing Act Hamilton City Council New Zealand Government Housing Minister IFF Act Levy Greenfield Model National Infrastructure Funding and Financing Limited Coalition GovernmentRenewed Oil and Gas Prospecting in Canterbury Basin Boosts NZ Energy Outlook
23 Mar 2026 | 5 months ago | 1106 viewsA new prospecting permit application by CBX Energy Limited in the offshore Canterbury Basin reflects renewed confidence in New Zealand’s oil and gas sector, aiming to conduct technical and economic studies for basin development. The Canterbury Basin is a promising but underexplored area with potential hydrocarbons, offering opportunities to enhance domestic energy resources and economic growth. New Zealand Petroleum & Minerals is accepting competing applications until June 24, prioritizing them under the Minerals Programme for Petroleum 2025, with decisions expected later this year.
Tags: Canterbury Basin New Zealand Shane Jones CBX Energy Limited NZP&M petroleum prospecting permit offshore exploration oil and gas Crown Minerals Act 1991 Minerals Programme for Petroleum 2025Attorney-General Appoints Two New District Court Judges for Palmerston North and Nelson
20 Mar 2026 | 5 months ago | 1009 viewsAttorney-General Judith Collins announced the appointment of Prudence McGuire and Christopher Macklin as new District Court Judges, to commence their roles in April and May 2026 at Palmerston North and Nelson Courts, respectively. Ms. McGuire, a Rotorua-based barrister with extensive experience in family and criminal law, will be sworn in on 21 April 2026, while Mr. Macklin, a Nelson-based barrister specializing in criminal and regulatory litigation, will be sworn in on 15 May 2026. Both appointees have significant legal backgrounds, including prosecutorial roles and leadership positions within the legal community.
Tags: Judith Collins Prudence McGuire Christopher Macklin LW Goodman Wollerman Cooke McClure Davys Burton Russell McVeagh Gordon and Pilditch NZLS Criminal Law Committee Palmerston North District CourtFast-Track Approval Granted for New Zealand’s Green Steel Manufacturing Plant
18 Mar 2026 | 5 months ago | 1433 viewsNational Green Steel Limited’s structural steel manufacturing plant in Hampton Downs, Waikato, has been approved through the Fast-track process, aiming to produce 200,000 tonnes of recycled steel annually using low-carbon electric arc furnace technology. The project will reduce steel imports, enable local recycling of scrap metal, create about 200 skilled jobs, and support New Zealand’s infrastructure development by strengthening supply chains. This is the 13th project approved under Fast-track and the first infrastructure project involving steel manufacturing, reflecting industry readiness to invest in sustainable infrastructure solutions.
Tags: Mr Bishop Mr Jones Mr Watts National Green Steel Limited New Zealand Green Steel Hampton Downs Waikato AucklandNew Zealand’s Commitment to Pacific Partnership and Media Connectivity at PCBL 10th Anniversary
12 Mar 2026 | 6 months ago | 971 viewsThe speech celebrates the 10th anniversary of Pacific Cooperation Broadcasting Limited (PCBL) and emphasizes New Zealand’s strong commitment to the Pacific region through partnership, democratic governance, and regional connectivity. It highlights New Zealand’s efforts in supporting infrastructure, digital transformation, media freedom, and people-to-people connections, including visa cost reductions to enhance travel and collaboration. Amid increasing geopolitical challenges, New Zealand reaffirms its principled support for Pacific sovereignty, regionalism, and the Pacific Way, aiming to foster unity and resilience ahead of hosting the Pacific Islands Forum in 2027.
Tags: Brent Impey Natasha Melesia New Zealand Pacific Cooperation Broadcasting Limited Pacific Islands Forum Kiribati Pasifika TV Pacific Reset Pacific Way Pacific Islands Forum 2027Government Appoints Crown Review Team to Investigate Moa Point Wastewater Failure
11 Mar 2026 | 6 months ago | 950 viewsThe Government has established the Crown Review Team, led by Raveen Jaduram and supported by legal and engineering experts, to investigate the catastrophic failure at Moa Point wastewater treatment plant and ensure it does not recur. The team will conduct a coordinated investigation for both Wellington City Council and Wellington Water Ltd, delivering interim and final reports by August 2026, with findings expected before the transfer of water assets to Tiaki Wai Limited. Local Government Minister Simon Watts emphasized transparency, coordination with Greater Wellington Regional Council’s regulatory activities, and the public release of findings while managing legal and enforcement risks.
Tags: Simon Watts Raveen Jaduram Helen Atkins Michael Weatherall Garry Macdonald Wellington City Council Wellington Water Ltd Tiaki Wai Limited Greater Wellington Regional Council WatercareSunfield Masterplanned Community Approved: 3,854 Homes Boost Auckland Growth
10 Mar 2026 | 6 months ago | 1073 viewsThe Sunfield Masterplanned Community in Auckland, approved through the Fast-track system, will deliver approximately 3,854 new homes, a town centre, healthcare services, retirement villages, and extensive green spaces, generating up to $3.2 billion for the economy and creating thousands of jobs. The approval process took 10 months, with concerns about infrastructure capacity addressed through development design and consent conditions ensuring growth funds its own infrastructure needs. This project marks the seventh housing development approved via Fast-track, highlighting the system’s effectiveness in accelerating major projects to support housing supply, jobs, and growth in Auckland.
Tags: Shane Jones Sunfield Winton Land Limited Auckland Arataki Homestead Bay Drury Metropolitan Centre Maitahi Village MilldaleNew Crane Dredging Barge to Boost Access and Resilience for NZ’s Small Ports
09 Mar 2026 | 6 months ago | 985 viewsNew Zealand is investing $8 million through the Coastal Shipping Resilience Fund to co-fund a purpose-built crane dredging barge aimed at improving access to smaller ports that are often cut off during natural disasters. This new, cost-effective equipment will enable timely dredging of regional ports, ensuring essential supplies can be delivered by sea when road and rail links are disrupted. The $12.9 million barge, co-funded by Johnson Bros Limited, will be operational by late 2027 to enhance nationwide resilience and support community recovery.
Tags: James Meager New Zealand Whanganui Port Cyclone Gabrielle Greymouth Ōpōtiki Johnson Bros Limited Coastal Shipping Resilience Fund Northland Transport MinisterNew Zealand Welcomes Second Private Building Consent Authority to Boost Efficiency
04 Mar 2026 | 6 months ago | 1151 viewsNew Zealand has approved its second private Building Consent Authority (BCA), Farsight NZ Limited Partnership, to increase competition and capacity in the building consent system, aiming to reduce paperwork and speed up approvals. Farsight will manage key building control tasks for Summerset, a major residential builder, which will help alleviate pressure on council BCAs and improve consistency in applying the Building Code. All BCAs, including private ones, must meet strict accreditation and legal requirements to ensure strong consumer protections and efficient service delivery.
Tags: Chris Penk Farsight NZ Limited Partnership Building Consent Authority Building Consent Approvals Limited Summerset Ministry of Business Innovation and Employment Kāinga Ora International Accreditation New Zealand Building Code New ZealandNew Chatham Islands Supply Vessel Contract Signed for 2027 Delivery
03 Mar 2026 | 6 months ago | 932 viewsThe procurement of a new 77-metre supply vessel for the Chatham Islands has reached a key milestone with the signing of a ship delivery agreement, ensuring its completion by the end of 2027 before the current Southern Tiare retires. The vessel, funded partly by a $24.3 million government contribution and contracted to 44 South Shipping Limited Partnership, will enhance freight capacity and service reliability, supporting local sectors like fishing, farming, and tourism. This agreement secures long-term, affordable shipping services between the Chatham Islands and mainland New Zealand, reflecting the government’s commitment to sustaining the remote community’s economic and social needs.
Tags: James Meager Chatham Islands Southern Tiare 44 South Shipping Limited Partnership McCallum Bros Ltd Nova Marine Carriers Associate Transport Minister New Zealand procurement supply vesselFast-Track Approval for Arataki Subdivision to Deliver 200 New Homes in Hawke’s Bay
24 Feb 2026 | 6 months ago | 985 viewsThe Arataki subdivision in Havelock North has received Fast-track approval to deliver up to 200 new homes, generating an estimated $78 million investment and creating approximately 629 jobs over five years. This development aims to address Hawke’s Bay’s housing affordability crisis, where prices have surged significantly, by increasing housing supply for locals and temporary workers. Arataki is the sixth housing project approved through the Fast-track process, which accelerates infrastructure and housing developments across New Zealand.
Tags: Chris Bishop CDL Land NZ Limited Arataki subdivision Hawke’s Bay Havelock North housing affordability infrastructure residential development expert panels