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online payday loans $4.8m Provincial Growth Fund loan gives lift to Whangarei marine industry13 Nov, 2018 05:00 PM3 minutes to readRegional Economic Development Minister Shane Jones has announced more ”putea” for Northland with a $4.8 million loan for boat repair and refit company Oceania Marine.The Government’s Provincial Growth Fund (PGF) money will buy the company a 560 tonne capability travel lift to hoist super yachts and other big boats out of the water.The extra job capacity the travel lift would bring Oceania Marine could see the company employing 50 extra staff just for one new project.Jones said the spin offs for other businesses and the community made the project an ideal candidate for the regional growth fund.”Fifty new jobs and 13 new apprenticeships are expected to be generated over the coming years as the new travel lift will increase Oceania Marine Group’s revenue. It will also, in turn, create about 50 new jobs for support industries.”An economic impact study commissioned by Northland Inc and NZTE showed the project would have a significant positive impact on both the Whangarei district and the New Zealand economy exactly the sort of project we believe the PGF should be backing.”Whangarei MP (National Party) Shane Reti, left, and Regional Economic Development Minister Shane Jones (NZ First) singing from the same song sheet at the Oceania Marine announcement.The 560 tonne travel lift will be the only one of its kind in New Zealand specialising in large keel craft and should be operational in a year’s time. That is, after the 34 containers holding the lift’s pieces arrive in Whangarei and the gigantic Mechano set is assembled.Oceania Marine had turned away several projects recently because it did not have that lift capability and the conventional slipway was not suitable for the types of boats involved, chief executive Martin Gleeson payday loans

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