The Government has announced a $55 million redevelopment for the Rotorua lakefront and Whakarewarewa Forest.
The Provincial Growth Fund is pitching in $27.4 million for the development and Rotorua Lakes Council will contribute the rest.
“This investment builds on earlier support from the PGF in June to develop final business cases for the two Big Moves projects led by Rotorua Lakes Council, and these projects are now investment ready,” said NZ First deputy leader Fletcher Tabuteau.
“The redevelopment of the lakefront will include building new boardwalks, walkways, cycleways, event infrastructure, more car parking, landscaping and an improved visual connection between the city and the lake. An improved access road, a cycleway from the park to the city, and visitor centre will be created at Whakarewarewa Forest.”
In the Rotorua Lakes Council’s 2018-2018 Long-Term Plan, the council first showed plans to improve the district’s infrastructure.
“Government’s support significantly helps the council and iwi to progress forward much faster, and confirms the robust business cases for the two projects,” said Rotorua Lakes mayor, Steve Chadwick.
“These projects will not only benefit the tourism industry and our economy but make Rotorua a more attractive place to live for our people and open the door to private investment.
Economic analysis of the lakefront development showed the project could create 470 jobs, with the potential to increase tourism expenditure by $363 million, lift GDP by $214 million and attract $305.7 million in private investments.