Marine Precinct
Marine is a key focus area within the Innovative and Productive Industry Sectors theme in the Bay of Connections Regional Economic Development Strategy.
Priority One commissioned and funded a comprehensive study aimed at identifying a market for a robust new-build and refit cluster based on a Tauranga City Council owned site next to the former slipway in Tauranga Harbour. The study also recommended appropriate berthage, haul-out and hard-stand infrastructure to support a cluster based on the site.
An economic impact study commissioned in tandem with the report, and completed by Professor Warren Hughes of the University of Waikato, identified the following economic benefits to the wider Bay of Plenty as a result of the development of the Harbour Central Marine Precinct:
- Revenue - $102.9 million
- Increase in net household income - $18.1 million
- Employment - 525 FTE’s
- Value added - $39.6 million
- Sustainable competitive advantage for expanded marine services in an acknowledged maritime centre.
