New Zealand government pools in $178 million to boost tourism

Published on : Thursday, May 11, 2017

new-zealandThe government of New Zealand has declared a brand new Tourism Infrastructure Fund worth $102 million for upgraded tourism infrastructure for the Department of Conservation alongside the existent $76million, ahead of the 2017 budget.

 

This tourism fund is expected to offer $100 for the following four years in partnership with local councils and other community organizations for projects including freedom camping facilities, toilets and new car parks. This DOC funding would be utilized for the upgradation and development of tourist facilities based on conservation of land.

 

This fund comprises $60.5 million in new money from 2017 budget and $41.5 million in funds that had been reprioritized from the Regional Mid-sized Tourism Facilities Grant Fund and Tourism Growth Partnership Fund.

 

Out of that, $2 million over the last four years has been offered to manage the fund.

 

Paula Bennett who is the Tourism Minister of New Zealand stated that tourism is extremely important to this country since it employs a significant amount of people generating a lion’s chunk of the economy’s financial resources. Therefore it is essential to continue investing in the tourism sector with an aim to lure an increased number of high-value tourists.

 

According to the latest statistics from Stats NZ, over 3.5 million tourists visited New Zealand in March 2017, matching the annual visitor record set in February.

 

International tourism expenditure had reached $14.5 billion in the year 2016 and this marks more than 20% if the total exports of goods and services of New Zealand, as per Bennett. She added that successful projects would demonstrate the value for money and would be co-funded by applicants.

 

The funding for DOC includes $44.6 million of operating funding for more than four years and $31.3 million in terms of capital. Out of this, nearly 423 million is for the purpose of improving tourist experiences and $11.4 million would be utilized for improving the online services of DOC. Another $12.7 million would be used to expand the great walks network. On the other hand, $5.7 million would be used to develop short walks and $19.8 million for developing tourist facilities.

 

 

 

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