INDEPENDENT NEWS

BUDGET 2001: Opportunities for NZ businesses

Published: Thu 24 May 2001 03:27 PM
24 May 2001
Opportunities for New Zealand businesses
New Zealand businesses will have the opportunity to capture more purchases by the New Zealand and Australian Governments under an expansion of the Industrial Supplies Office.
Economic Development Under-Secretary John Wright today announced an extra $4.4 million over four years for the Industrial Supplies Office [$820,000 in 2001-02, and $1.2 million of new funding in following years].
New Zealand businesses were able under Closer Economic Relations [CER] to bid for major Australian projects but until now had been simply advised of a tender, John Wright said.
"Extra resources in Budget 2001 will allow the ISO to become more than just an information provider.
"It will be able to follow the Australian example of employing specific project managers to become involved in major projects. They will work with architects and buyers and proactively identify New Zealand businesses that should tender for work.
"This year the extra funds will be used to provide project managers to work with hospitals, prisons, large private sector investors and major Government departments both here and in Australia. They will co-operate with Trade NZ to promote the use of New Zealand made goods and services."
It was estimated that the increased support for the ISO would result in import substitutions worth $147 million over three years.
"This is Government working in partnership with the private sector to create jobs and opportunities for New Zealanders.
"The expansion of ISO follows a successful pilot where an ISO representative worked with the construction team on the $400 million replacement of Auckland Hospital. It's estimated that up to $100 million of export replacement is potentially available from that project alone," John Wright said.
ENDS

Next in New Zealand politics

RNZ Live Updates: SkyCity fire day three
By: RNZ
Gordon Campbell on Simon Bridges and political correctness
By: Gordon Campbell
Police Commissioner announces independent review
By: New Zealand Police
PM's Post-Cab: Now We Are Two
By: The Scoop Team
Revamp of guidelines for meth sentencing welcomed
By: NZ Bar Association
Armed police patrols will cause American-style shootings
By: People Against Prisons Aotearoa
Amnesty Int calls on Gov not to rush Terrorism Bill
By: Amnesty International
Funding to support Christchurch Call – Expert Reaction
By: Science Media Centre
Live: SkyCity fire brings Auckland CBD to a halt
By: RNZ
'No question': APEC will be in Auckland, despite fire - PM
By: RNZ
SkyCity fire still burning, PM to visit today
By: RNZ
SkyCity fire 'absolutely devastating', CEO says
By: RNZ
Update - fire in Auckland CBD
By: New Zealand Police
Fire incident - Auckland CBD
By: New Zealand Police
SkyCity fire - Expert Reaction
By: Science Media Centre
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media