The Government will be using some of its Provincial Growth Fund to invest in the revitalisation of the Dunedin waterfront.
The Provincial Growth Fund (PGF) will invest $820,000 in the Dunedin Waterfront Project and $60,000 into the development of Otago’s Economic Development Strategy, Regional Economic Development Minister Shane Jones has announced.
Minister Jones made the announcement while attending the signing of a Memorandum of Understanding by the Dunedin Waterfront partners in Dunedin today.
Dunedin City Council will receive $820,000 to complete a full feasibility assessment and development of a business case for the Dunedin Waterfront Project, which will include engineering, environmental and commercial feasibility.
"A revitalised waterfront will add to Dunedin’s appeal as a visitor destination," Mr Jones said.
"The vision for the waterfront project also includes a hotel, residential accommodation, and aims to be focal point for locals and visitors.
"The project is the right kind of ambition we want to see regions striving for and includes a plan to connect the town centre, the university and the stadium with walkways, cycleways and a bridge."
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