web analytics

The opportunity cost

Written By: - Date published: 4:33 pm, August 14th, 2013 - 34 comments
Categories: assets, energy, jobs - Tags:

National spent $30m of our money to save (some of) the 800 jobs at Tiwai Point (for an extra year). People have reasonably pointed out that’s the a lot of money for not much – especially when government agencies are routinely destroying jobs by sending work overseas over contract prices that save far less. But what about the broader picture: did the Nats consider the opportunity cost?

Let’s say Rio Tinto didn’t get its paper bag full of our money. Let’s say it then decided to close Tiwai Point as soon as possible (about 2 years under the old contract). That would obviously mean large job losses in Bluff and Invercargill. It would also mean that the transmission lines would be installed so that all Manapouri’s power could flow into the national grid.

Once Tiwai closes, the cheapest power in the country would flood the market (Tiwai currently demands about 14% of our total electricity but at the lowest demand periods, it’s closer to a third). The expensive fossil fuel baseload plants like Huntly would close. Because the current market power price is set by the price of the most expensive unit and because most of our power is quite cheap apart from that fossil fuel shit, it would mean a dramatic reduction in wholesale electricity prices. By the time that flows into retail and commercial prices, you would expect it to be on the order of a 10-20% reduction.

Consider that the country currently spends nearly $6 billion a year on electricity (and Tiwai only $250m of that despite consuming 1/6th of the power). Knock 10% off the price of power, effectively what NZ Power aims to do, and you save power consumers about $600m a year. That’s $600m that businesses can spend on plant and employing people rather than on electricity, and that households can spend on other things or invest in businesses.

And, as a nice bonus, you’ve turned off the most greenhouse polluting power stations and the smelter, which is also a major greenhouse polluter.

So, what does that all add up to? How many jobs get created in the wider economy if Tiwai closes? How much does households’ health benefit from cheaper power? These are all beyond my ability to calculate but they’re the kind of considerations you damn well hope the Government took into account before it cut a cheque for $30m.

Unfortunately, I suspect they didn’t work up the opportunity cost to the country of not caving to Tiwai’s blackmail. Why? Because the country’s interests don’t enter into it. For National, this was all about putting a band-aid in place so the Meridian sale could go ahead – ‘stabilising the electricity market’ Bill English called it without mentioning he was stabilising electricity prices higher than they would otherwise be.

34 comments on “The opportunity cost ”

  1. fender 1

    That’s it in a nutshell really. National have nothing but contempt for “mum and dad”.

    • fender 1.1

      It’s a wonder there aren’t rules around artificially influencing the share price just before floating them.

      • The problem is that rules would have to be set by a prior government and thus unless they were entrenched they wouldn’t have any real effect to bind future governments. The best way to bind a government on this would actually be to put it in a trade deal, ironically, but those can still be broken or amended. Even a broad agreement in the UN around these things doesn’t really bind governments from this sort of conflict of interest or corruption, to be honest.

  2. Tamati 2

    Common sense would have been to pay $37,500 (30m/800,000) out to each of the redundant employees. (Could exclude some of the higher paid senior management.)

    • Jenny 2.1

      That $30million of our money has been given to this $billion multinational company, with no sign it will ever be returned to this country. Money that rightly belongs to us. And the smelter will close anyway in 2017. Making 800 workers redundant.

      There is one way that money could come back to New Zealanders.

      An immediate union drive should be launched on the what I understand to be a mostly non-union site.

      The selling point will be that on getting a majority of the 800 workers into the union. That the union promises to start an industrial campaign for a redundancy package no less than the $30million gifted by us to their boss be used to go on top of whatever redundancy package, (if any) they may have already.

      Fair, sensible, achievable.

  3. Jared 3

    I somewhat think you are underestimating the complexity and length of time it would take to upgrade the Cook Strait DC link, they are in the process of upgrading it at the moment and it still only provides power for the Wellington region largely. It would require upgrading most of the North Islands grid (and a number of new inter island cables), but I guess that doesnt make for a good story right?

    [actually, power usually flows North to South these days and the inter-island flows are much smaller than they used to be because of the big factory closures in the Nth Island, new Nth Island generation, and increased demand from dairy and irrigation in the Sth Island. Closing Tiwai would turn that around to the traditional South to North flow, but the Meridian and Transpower bosses have said it’s nothing the system can’t handle – the only major new investment would be connecting Manapouri to Benmore. JH]

    • Molly 3.1

      It makes a good place to start. Especially given the lack of movement on climate change and resilience planning for NZ.

      Limited thinking and no investigation along these lines when making these one-off spending decisions is going to cost NZ more in the long-term. James is right.

    • Satty 3.2

      The new link HVDC pole 3 is already commissioned:
      New HVDC pole 3 commissioned

      I don’t think there are any major further enhancement planed, apart from new cable for pole 2 to add a couple of hundred MW to the existing 1,000 MW capacity.

  4. tricledrown 4

    Tamati what about the $476 million that meridian are handing over to Rio Tinto robbing NZ taxpayers of dividends and lowering the value of meridian !

  5. Plan B 5

    or we could cut the cable and all that power could stay in the south.
    in the south we need cheap electricity , insulated homes because it is simply much colder
    also cheap power will bring jobs
    so please do not improve the cook straight cable on our account

  6. tricledrown 6

    Transpower is already upgrading the national grid to cope with increased demand

  7. tracey 7

    Did I hear a report recently about moves to tax or charge for sunlight to get something from those going solar. Might not have been nz… might have dreamt it

    • Lan 7.1

      “Sunlight captured is Natural capital”! Consumers can value that, but this government does not believe in the idea of Natural Capital so don’t fret over taxes. But one can put a proper taxable economic value on discounted power donated to Tiwai from hydro-over the years. What tax has been paid? Just today similar economic sums include opportunity costs of coal in ground in Huntly (90+more layoffs) apparently now to be replaced with “cheaper” coal from Indonesia; or that to be obtained from the free-for-all big hole (just like in Australia) dug in the Denniston Plateau by a WEST AUSTRALIAN COMPANY – also claimed more “cost effective” and without tunnels and associated risks of explosions etc. Such smart “economics” skills in this resource allocation? Or not. Kiwi electrician killed in what sounds like poor isolated work conditions in a WEST AUSTRALIAN MINE today – went for the big pay too from a good job in Auckland. Hope work conditions are better in the Denniston mucking up our 100% pure Kiwi conservation land.

  8. Ad 8

    – Destroy Bluff and much of Invercargill
    – Snuff out what remains of Huntly
    – For the chance that jobs might be increased elsewhere on something else.
    And this in the month that the National government is sucking hundreds of jobs out of Dunedin (Hillside, NZPost, AgResearch, Health etc), killed the Solid Energy plant for lignite, and is in fact having trouble with the only industry in Southland that will get them into sustained economic recovery in any reasonable horizon: dairy.

    Surely only Aucklanders and Treasury wonks talk out loud like this?

    Why not actually discuss an economic recovery plan for Otago-Southland, not sounding off like some seriously cynical shit?

    • Molly 8.1

      Detroit had the same attitude about maintaining their car industry jobs at all costs. Failure to look ahead meant more pain for all involved in the end.

      Looking ahead, and talking about resiliency includes discussing how the impact can be minimised, and how jobs and communities can transition.

      • Ad 8.1.1

        Just spell that out then. As if Huntly or Bluff or Invercargill or Westport aren’t a whisker away from Detroit already. Unbelievable.
        Spell out where all these replacement jobs come from. Preach it loud to the unemployment lines that result.

        I don’t care what term you have for it.

        Seriously the people who would put Southland’s jobs and many more on a pyre of vanity that thinks electricity prices will ever ever go down rather than actually make happen a real plan – are the worst and most cowardly armchair doodlers.

        • Jenny 8.1.1.1

          As if Huntly or Bluff or Invercargill or Westport aren’t a whisker away from Detroit already.

          ad

          Indeed. The extractive industries have done little or nothing for these places. Huntly particularly. Despite hosting three large coal mines and a coal fired power station Huntly has been deemed a WINZ black spot riddled with unemployment poverty and crime and underdevelopment. Apart from wages. None of the coal industry’s money has gone to this community.

        • IrishBill 8.1.1.2

          Last year WWF commissioned BERL to look at shifting Southland to a low carbon economy: http://www.wwf.org.nz/?9301/New-economic-report

          It’s not comprehensive but it shows there’s already a good foundation for a good regional economy without the smelter. The key will be transitioning it properly rather than just waiting for the smelter to leave and then having to drag the economy out of a hole over a period of years.

          • Ad 8.1.1.2.1

            Helpful link thank you.

            It’s a report that recommends growing nuts, organic farm produce, and pine trees for a lower carbon future. Which is admirable as a narrow goal.

            Manages to avoid discussing the only industry likely to get the south out of trouble, and its the only major industry with real value added potential: dairy.

            • Draco T Bastard 8.1.1.2.1.1

              Dairy, as it’s presently configured, is unsustainable. You don’t get yourself out of a hole by digging deeper.

              • Ad

                Agreed if dairy remains in its predominantly commodity trade mode and rivers remain under-regulated or policed. It won’t.

                But sustainability is not the only measure of success. There are others such as:
                – Are there any retail shops left?
                – Will my kids stay or even return here?
                – How many years will it take me to get a house deposit together?
                – Is the regional tax base getting better, or worse?
                – How many salaries over $100,000 are there per capita in the region?

                Again, I don’t have to like it, but the dairy industry is the only industry with chance of getting affirmative answers to any of those, and is the only likely saviour of Southland.

                What does one do with a smelter and plant nearly 1km long? What would Jim Anderton do?

                • Colonial Viper

                  Welcome to capitalism. As a political economy it has few peers.

                  Where our natural world is turned into a resource and commodity to be transformed into cowshit

                  In exchange for little electronic increments to little electronic bank accounts.

  9. fambo 9

    “Opportunity cost” is a far too challenging economic concept for this government. Its basic economic model is 1980s style asset stripping.

  10. Slowly 10

    Has anyone thought of the exported manufacturing jobs that might return , if the excess Electricity was supplied to them at a competitive rate while recreating work for NZers.

  11. vto 11

    Essentially, it costs the country to have the aluminium smelter here.

  12. Bearded Git 12

    They didn’t give Rio Tinto a cheque for $30 million. Between them, the government and Meridian gave RT a cheque for at least $100 million when the renegotiated power price (back to the price of the previous contract) is taken into account.

    We will never know how much the reduced electricity price cost us because Meridian refuse to reveal this. I don’t think state owned companies should be allowed to hide behind “commercial sensitivity” in cases like this where they are effectively doling out vast amounts of the New Zealand public’s cash to multinationals.

    • Bearded Git 12.1

      This link from the Dom Post today helps to explain my post above and explains National’s agenda, as if the entire nation hadn’t already worked this out!

      http://www.stuff.co.nz/dominion-post/business/9039551/Government-agenda-drove-Tiwai-payout

    • Draco T Bastard 12.2

      I don’t think state owned companies should be allowed to hide behind “commercial sensitivity” in cases like this where they are effectively doling out vast amounts of the New Zealand public’s cash to multinationals.

      Commercial Sensitivity should not exist when the contract is effectively between the people of NZ and a business because the people of NZ need to know the details to make an informed decision.

  13. Tracey 13

    Thanks for the link bearded one.

  14. tricledrown 14

    Ad hoc policies why can’t every region get the same treatment.
    Another broken promise Shonkey promised Hey wouldn’t
    be picking winners Hey would leave it to the markets.
    Well he’s keept his promise he’s only been backing loosers.
    SCF Tiwae Sky city

    • Ad 14.1

      If different regions did not have different needs there would be no need for regional economic development at all.

      Did you know that only Auckland, Bay of Plenty, Canterbury and Waikato are the main local authority areas with population growth? The rest are static or shrinking and will be foreseeably?

Links to post

Recent Comments

Recent Posts

  • Iconic Milford Track officially reopens
    One of New Zealand’s premier hikes and a cornerstone of the Te Anau community, the Milford Track has officially reopened, “From today, hikers booked on the popular Great Walk will be able to complete the walk end-to-end for the first time since early February,” Minister of Conservation Kiri Allan says. ...
    BeehiveBy beehive.govt.nz
    3 hours ago
  • Support for farmers beefed up ahead of La Niña
    Further funding for feed support services and new animal welfare coordinators will help farmers who continue to feel the effects of an extended drought, says Rural Communities Minister Damien O’Connor. “In March this year, I classified the drought in the North Island, parts of the South Island and the Chathams ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Next steps for Christchurch Hospital campus redevelopment
    Canterbury DHB will be better placed to respond to future demand for services and continue to deliver high quality care, with the next stage of the campus redevelopment programme confirmed, Health Minister Andrew Little says. The Government has approved $154 million in funding for the construction of a third tower ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Five Power Defence Arrangements Defence Ministers’ Joint Statement
    The Defence Ministers from Australia, Malaysia, New Zealand, Singapore and United Kingdom reaffirmed their nations’ continued commitment to the Five Power Defence Arrangements (FPDA), and commended the achievements over the past 49 years as the FPDA moves towards its 50th Anniversary in 2021.  The Ministers recognised the FPDA’s significant role ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Jobs for Nature funding protects health of Hawke’s Bay waterways
    A joint Government and Hawke’s Bay Regional Council project will invest $4.2 million to protect local waterways, enhance biodiversity and employ local people, Environment Minister David Parker announced today.   Over two years, the Hāpara Takatū Jobs for Nature project will fence 195km of private land to exclude stock from vulnerable ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • New Year border exception for seasonal workers in the horticulture and wine industries
    2000 additional RSE workers to enter New Zealand early next year employers must pay these workers at least $22.10 an hour employers will cover costs of managed isolation for the RSE workers RSE workers will be paid the equivalent of 30 hours work a week while in isolation From January ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government increases support for New Zealanders to work in seasonal jobs
    The Government is offering further financial support for unemployed New Zealanders to take on seasonal work. These new incentives include: Up to $200 per week for accommodation costs $1000 incentive payment for workers who complete jobs of six weeks or longer increasing wet weather payments when people can’t work to ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government receives Royal Commission of Inquiry report into the Terrorist Attack on Christchurch Mos...
    Minister for Internal Affairs Jan Tinetti has today received the Royal Commission of Inquiry report into the Terrorist Attack on Christchurch Mosques, and will table it in Parliament on Tuesday December 8. “I know this will have been a challenging process for whānau, survivors and witnesses of the terrorist attack ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • New Zealand Government to declare a climate emergency
    The Government will declare a climate emergency next week, Climate Change Minister James Shaw said today.                                       “We are in the midst of a climate crisis that will impact on nearly every ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Call for urgent action on Pacific conservation
    A declaration on the urgency of the global biodiversity crisis and the need for immediate, transformative action in the Pacific was agreed at a pan-Pacific conference today. The 10th Pacific Islands Conference on Nature Conservation and Protected Areas is taking place this week across the Pacific.  Minister of Conservation Kiritapu ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Speech from the throne
    E aku hoa i te ara o te whai, Kia kotahi tā tātou takahi i te kō, ko tōku whiwhi kei tō koutou tautoko mai. Ko tāku ki a koutou, hei whakapiki manawa mōku. He horomata rangatira te mahi, e rite ai te whiwhinga a te ringatuku, me te ringakape ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Keynote address to Chartered Accountants Australia and New Zealand conference
    Speech to the CAANZ conference - November 19, 2020 Thank you, Greg, (Greg Haddon, MC) for the welcome. I’d like to acknowledge John Cuthbertson from CAANZ, the Commissioner of Inland Revenue Naomi Ferguson, former fellow MP and former Minister of Revenue, Peter Dunne, other guest speakers and CAANZ members. I ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Expert independent advisory group appointed to strengthen the future of Māori broadcasting
    A panel of seven experts are adding their support to help shape the future of Māori broadcasting, Minister for Māori Development Willie Jackson has announced today. “Today I will meet with some of the most experienced Māori broadcasters, commentators and practitioners in the field. They have practical insights on the ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Government to review housing settings
    New Zealand’s stronger-than-expected economic performance has flowed through to housing demand, so the Government will review housing settings to improve access to the market, the Finance Minister Grant Robertson announced today. “Our focus is on improving access to the housing market for first home buyers and ensuring house price growth ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Crown accounts reflect Govt’s careful economic management
    The better-than-expected Crown accounts released today show the Government’s careful management of the COVID-19 health crisis was the right approach to support the economy. As expected, the Crown accounts for the year to June 2020 show the operating balance before gains and losses, or OBEGAL, was in deficit. However that ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Community launch marks next step in addressing racism in education
    The launch of Te Hurihanganui in Porirua today is another important milestone in the work needed to address racism in the education system and improve outcomes for Māori learners and their whānau, Associate Education Minister Kelvin Davis says. Budget 2019 included $42 million over three years to put Te Hurihanganui ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Government to consider recommendations on DNA use in criminal investigations
    The Minister of Justice has received the Law Commission’s recommending changes to the law governing the way DNA is used in criminal investigations. The report, called The Use of DNA in Criminal Investigations – Te Whahamahi I te Ira Tangata I ngā Mātai Taihara, recommends new legislation to address how ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Speech to Wakatū Nelson regional hui on trade
    First, I want to express my thanks to Te Taumata for this hui and for all the fantastic work you are doing for Māori in the trade space. In the short time that you’ve been operating you’ve already contributed an enormous amount to the conversation, and developed impressive networks.  I ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Speech to Primary Industries Summit
    Thank you for the opportunity to speak to you today about the significant contribution the food and fibres sector makes to New Zealand and how this Government is supporting that effort. I’d like to start by acknowledging our co-Chairs, Terry Copeland and Mavis Mullins, my colleague, Agriculture Minister Damien O’Connor, ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Fast track referrals will speed up recovery and boost jobs and home building
    The Government is taking action to increase jobs, speed up the economic recovery and build houses by putting three more projects through its fast track approval process. “It’s great to see that the fast-track consenting process is working. Today we have referred a mix of potential projects that, if approved, ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Papakāinga provides critically needed homes in Hastings
    A papakāinga opened today by the Minister for Māori Development the Hon Willie Jackson will provide whānau with much needed affordable rental homes in Hastings. The four home papakāinga in Waiōhiki is the first project to be completed under the ‘Hastings Place Based’ initiative. This initiative is a Government, Hastings ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand ready to host APEC virtually
    Prime Minister Jacinda Ardern took over the leadership of APEC earlier today, when she joined leaders from the 21 APEC economies virtually for the forum’s final 2020 meeting. “We look forward to hosting a fully virtual APEC 2021 next year. While this isn’t an in-person meeting, it will be one ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Revival of Māori Horticulturists
    The rapid revival of Māori horticulture was unmistakeable at this year’s Ahuwhenua Trophy Awards, with 2020 marking the first time this iconic Māori farming event was dedicated to horticulture enterprises. Congratulating finalists at the Awards, Māori Development Minister Willie Jackson said growing large-scale māra kai is part of Māori DNA. ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Emergency benefit to help temporary visa holders
    From 1 December, people on temporary work, student or visitor visas who can’t return home and or support themselves may get an Emergency Benefit from the Ministry of Social Development, Social Development and Employment Minister Carmel Sepuloni announced today. Previously, temporary visa holders in hardship because of COVID-19 have had ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • School sustainability projects to help boost regional economies
    Forty one schools from the Far North to Southland will receive funding for projects that will reduce schools’ emissions and save them money, Education Minister Chris Hipkins announced today. This is the second round of the Sustainability Contestable Fund, and work will begin immediately. The first round announced in April ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Farmer-led projects to improve water health in Canterbury and Otago
    More than $6 million will be spent on helping farmers improve the health of rivers, wetlands, and habitat biodiversity in Canterbury and Otago, as well as improving long-term land management practices, says Agriculture Minister Damien O’Connor. Four farmer-led catchment group Jobs for Nature projects have between allocated between $176,000 and ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Tupu Aotearoa continues expansion to Pacific communities in Nelson, Marlborough, Tasman & Northl...
    Pacific communities in Nelson, Marlborough, Tasman and Northland will benefit from the expansion of the Tupu Aotearoa programme announced today by the Minister for Pacific Peoples, Aupito William Sio. The programme provides sustainable employment and education pathways and will be delivered in partnership with three providers in Northland and two ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New primary school and classrooms for 1,200 students in South Island
    Education Minister Chris Hipkins unveiled major school building projects across the South Island during a visit to Waimea College in Nelson today. It’s part of the Government’s latest investment of $164 million to build new classrooms and upgrade schools around the country. “Investments like this gives the construction industry certainty ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Minister of Māori Development pays tribute to Rudy Taylor
      Today the Minister of Māori Development, alongside other Government Ministers and MP’s said their final farewells to Nga Puhi Leader Rudy Taylor.  “Rudy dedicated his life to the betterment of Māori, and his strong approach was always from the ground up, grassroots, sincere and unfaltering”  “Over the past few ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Prime Minister to attend APEC Leaders’ Summit
    Prime Minister Jacinda Ardern will attend the annual APEC Economic Leaders’ Meeting and associated events virtually today and tomorrow. “In a world where we cannot travel due to COVID-19, continuing close collaboration with our regional partners is key to accelerating New Zealand’s economic recovery,” Jacinda Ardern said. “There is wide ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Speech to Infrastructure NZ Symposium
    Tena Koutou, Tena Koutou and thank you for inviting me to speak to you today. This is a critical time for New Zealand as we respond to the damage wreaked by the global COVID-19 pandemic. It is vital that investment in our economic recovery is well thought through, and makes ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Pike River 10 Year Anniversary Commemorative Service
    Tēnei te mihi ki a tātau katoa e huihui nei i tēnei rā Ki a koutou ngā whānau o te hunga kua riro i kōnei – he mihi aroha ki a koutou Ki te hapori whānui – tēnā koutou Ki ngā tāngata whenua – tēnā koutou Ki ngā mate, e ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Huge investment in new and upgraded classrooms to boost construction jobs
    Around 7,500 students are set to benefit from the Government’s latest investment of $164 million to build new classrooms and upgrade schools around the country. “The election delivered a clear mandate to accelerate our economic recovery and build back better. That’s why we are prioritising construction projects in schools so more ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Keeping Pike River Mine promises 10 years on
    Ten years after the Pike River Mine tragedy in which 29 men lost their lives while at work, a commemorative service at Parliament has honoured them and their legacy of ensuring all New Zealand workplaces are safe. Prime Minister Jacinda Ardern attended the event, along with representatives of the Pike ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Additional testing to strengthen border and increase safety of workers
    New testing measures are being put in place to increase the safety of border workers and further strengthen New Zealand’s barriers against COVID-19, COVID-19 Response Minister Chris Hipkins said today. “These strengthened rules – to apply to all international airports and ports – build on the mandatory testing orders we’ve ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • More public housing delivered in Auckland
    The Government’s investment in public housing is delivering more warm, dry homes with today’s official opening of 82 new apartments in New Lynn by the Housing Minister Megan Woods. The Thom Street development replaces 16 houses built in the 1940s, with brand new fit-for-purpose public housing that is in high ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Agreement advanced to purchase up to 5 million COVID-19 vaccines
    The Government has confirmed an in-principle agreement to purchase up to 5 million COVID-19 vaccines – enough for 5 million people – from Janssen Pharmaceutica, subject to the vaccine successfully completing clinical trials and passing regulatory approvals in New Zealand, says Research, Science and Innovation Minister Megan Woods. “This agreement ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Jobs for Nature funding will leave a conservation legacy for Waikanae awa
    Ninety-two jobs will be created to help environmental restoration in the Waikanae River catchment through $8.5 million of Jobs for Nature funding, Conservation Minister Kiritapu Allan announced today. “The new funding will give a four-year boost to the restoration of the Waikanae awa, and is specifically focussed on restoration through ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • New Dunedin Hospital project progresses to next stage
    As the new Dunedin Hospital project progresses, the Government is changing the oversight group to provide more technical input, ensure continued local representation, and to make sure lessons learnt from Dunedin benefit other health infrastructure projects around the country. Concept design approval and the release of a tender for early ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Jump in apprentice and trainee numbers
    The number of New Zealanders taking up apprenticeships has increased nearly 50 percent, and the number of female apprentices has more than doubled. This comes as a Government campaign to raise the profile of vocational education and training (VET) begins. Prime Minister Jacinda Ardern and Education Minister Chris Hipkins announced ...
    BeehiveBy beehive.govt.nz
    2 weeks ago