GHL to seek road funding

THE council asset and infrastructure committee has approved Gisborne Holdings Ltd to seek ‘industry funding’ towards the total cost of a new road link to Wairangi Forest at Tauwhareparae.

The proposed new route would connect the existing Tarndale/Wairangi Road from Te Karaka to the Tauwhareparae farm at Wairangi Forest.

It would now cost $3.2 to $3.8million to construct.

The council committee yesterday passed a resolution to effectively back away from the project and stand down the project team, after the project costs increased from the original $2 million.

The council was originally going to contribute $720,000 to the project.

Lifelines director David Wilson said the extra cost was “unbudgeted from both a rates and subsidy perspective”.

“The revised benefit cost ratio for the project now signals it as a low priority investment.

“The main beneficiaries would be the Arowhana quarry owners and those parties with mining rights,” he said.

“There are other alternatives that should be considered by the council before investing its original share of the project.”

Gisborne Holdings Ltd chief executive Matt Feisst said the organisation, through Tauwhareparae Farms, would like to see if it could raise some “industry funds”.

“While we can still apply for funding from the NZTA.

“We certainly understand council’s position not to proceed further with the project.”

THE council asset and infrastructure committee has approved Gisborne Holdings Ltd to seek ‘industry funding’ towards the total cost of a new road link to Wairangi Forest at Tauwhareparae.

The proposed new route would connect the existing Tarndale/Wairangi Road from Te Karaka to the Tauwhareparae farm at Wairangi Forest.

It would now cost $3.2 to $3.8million to construct.

The council committee yesterday passed a resolution to effectively back away from the project and stand down the project team, after the project costs increased from the original $2 million.

The council was originally going to contribute $720,000 to the project.

Lifelines director David Wilson said the extra cost was “unbudgeted from both a rates and subsidy perspective”.

“The revised benefit cost ratio for the project now signals it as a low priority investment.

“The main beneficiaries would be the Arowhana quarry owners and those parties with mining rights,” he said.

“There are other alternatives that should be considered by the council before investing its original share of the project.”

Gisborne Holdings Ltd chief executive Matt Feisst said the organisation, through Tauwhareparae Farms, would like to see if it could raise some “industry funds”.

“While we can still apply for funding from the NZTA.

“We certainly understand council’s position not to proceed further with the project.”

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