Cook Islands Ministry of Finance News
On 23 May 2015 the Ministry of Finance and Economic Management held its first whole of Government auction for a number of vehicles which were surplus to requirements. Total gross proceeds were $34,620, costs were $3,081.95. Prices for the goods can be found on the MFEM Procurement website.
15 May 2015
12.7m signed over for Te Mato Vai
The Governments of the Cook Islands and New Zealand today signed a new grant of NZD 12.7 million dollars towards the costs of the Te Mato Vai Water project, taking New Zealand’s contribution to $15 million.
New Zealand’s commitment to the water partnership was made by the Prime Minister of New Zealand John Key at the Pacific Islands Forum Leaders Meeting in the Cook Islands in 2012.
Te Mato Vai is being funded through various sources including a loan from the Peoples’ Republic of China, the Cook Islands own resources and the New Zealand Aid Programme. This unique trilateral partnership is led by the Cook Islands and is on track to achieve the Government’s policy outcomes for water in Rarotonga.
New Zealand High Commissioner to the Cook Islands, His Excellency Nick Hurley, said “the successful delivery of this partnership is extremely important to securing the Cook Islands’ economy, but more importantly improving the quality of life, health and well-being of the residents of Rarotonga”.
The signing coincided with one of the regular meetings of the Te Mato Vai Governance Group. The Governance Group heard that Chinese-funded ring main work remains on track for completion by the end of 2015. Works on Stage 2, which includes the intakes, treatment plants, and trunk-mains, is scheduled to commence later in 2015 with the tender for these works now in the market.
Finance Secretary Richard Neves said “all partners are exceptionally pleased with progress to date, and the further New Zealand grant is a timely investment towards ongoing project construction costs.”
The Governance Group is next scheduled to meet in November.
Contact: For further information contact
All of Government Vehicle Auction
On the 23 May 2015 the Ministry of Finance and Economic Management will be holding a whole of Government auction for a number of vehicles which are surplus to requirements. The auction will be located at the Ministry of Justice carpark and will be run by Mr John Kenning. All government vehicles for auction will be moved to the Justice building before the 18 May 2015 and an open inspection day for all vehicles to the public will be held on the 22 May 2015. All vehicles will be groomed and ready for sale as they will be sold by auction “as is basis” on the day to the highest bidder. A list of vehicles will be provided on the MFEM website or from the Senior Procurement Officer which will contain a photo and specifications. There are some simple rules in regard to the Auction:
- By bidding, you are stating that you are ready and willing to purchase that item for your bid amount, plus pay for change of ownership. If you are outbid you are under no obligation to buy. But in all other cases, you are entering a contract with the Government to buy the item, and to deliver payment immediately at the close of the auction. If you can't pay, on time, don't bid! At the drop of the hammer your bid is final and is non-retractable.
- Change of ownership fees must be paid by the winning bidder along with the bid price at the close of the auction.
- All vehicles must be removed from the site at the close of the auction.
- All vehicles are sold without reserve and are sold as is where is. The Government takes no responsibility for the condition of any vehicle. You are responsible for inspecting the vehicle and determining an appropriate bid.