Friday, Dec 7, 2018
Since Sept 27, 1879
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Rexton doing the Dakar MOTORING
Second bridge in funding bid BY SUE NEWMAN
SUE.N@THEGUARDIAN.CO.NZ
$1m claimed P3
The first steps have been taken in a deal that could catapult Ashburton’s second river bridge from the district’s long-term radar on to its medium-term to-do list. When the government announced earlier this year it had allocated $3 billion over three years to invest in regional economic development through a Provincial Growth Fund (PGF), the Ashburton District Council saw an opportunity to secure funding for the district’s second bridge project.
This is likely to come with a $35 million-plus price tag. The council has taken the first steps in the two-pronged process of securing money from the PGF, lodging an application for business case funding. It has asked for $94,000 to prepare the case for project funding, but the all-up cost of this work is likely to be $300,000, with the balance coming from both the council and the New Zealand Transport Agency (NZTA), council chief executive Hamish Riach said. This application was lodged last
month. “We’re hoping we’ll hear before Christmas, then we can get on to the detailed business case in January and, given that so much work has already been done, this should only take a few months to prepare,” he said. He anticipates a business case could be lodged around April, but from that point there is far less clarity around timeframes.
Client Christmas Draw tomorrow from 9:45am at the MSA
All properties sold and purchased in 2018 go in the draw - but you need to be there to win! We look forward to seeing you there.
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Hastings Mcleod Ltd Licensed under the Real Estate Agents Act 2008
Phone 03 307 9176 217 West St, Ashburton | pb.co.nz
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