| 33 REGIONAL DEVELOPMENT Putauaki Trust The boardroom will also be available for the community to hire. “The focus is on Putauaki as it is the maunga of all of our shareholders and descendants ...” zoned rural, and is where Putauaki Trust runs its profitable and sustainable 750 cow dairy farm. The new industrial zone addressed a forecast shortage of industrial land in the Eastern Bay of Plenty by ensuring land was appropriately zoned, serviced, and accessible for easy development. Putauaki Trust looked to attract entities with long term sustainable businesses, providing employment for not only the local community but also for Putauaki descendants. Putauaki Trust and Foresta have now signed an agreement to lease with Foresta intending to build New Zealand’s first industrial scale plant to produce biomass fuels as a replacement for coal. The initial stage of the project will take place on a 9.6ha lot at Putauaki Trust’s industrial zone and although several conditions need to be satisfied before building can begin, both parties are hoping for a start date before the end of this year. Foresta plans to invest about $300 million into building its plant, which at full production will employ more than 100 workers. Proud to support Putauaki Trust Rural Law Specialists 24 Froude Street, Rotorua | 07 343 9393 | www.rurallaw.co.nz DD2 are proud to have realised Putauaki Trust’s vision to meet in a space that acknowledges the past and looks to the future with con dence GF Builders are proud to support Putauaki Trust NewHomes • Renovations • Commercial • Swimming Pools 07 307 0878 | gary@thegfgroup.co.nz | www.gfbuilders.co.nz BayVets Clinic Phone: 07 304 9184 40 Bridge Street, Edgecumbe. Proud to be associated with Putauaki Trust • Access Equipment • Compaction • Excavators • Trenchers • Portaloos & Much More...
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