Financial Secretary Office News

Financial Secretary Office News

Rarotonga Water Tank Subsidy Project - Applications Closed

The Ministry of Finance and Economic Management (MFEM) as the agency managing the Rarotonga Water Tank Subsidy Project would like to inform the general public that new applications for new water tank subsidies will no longer be received.

Project applications up until the end of November 2015 have exceeded initial expectations.

All project funds available to date have been fully committed to complete processing of over 800 applications already received.

Initially the project was to be completed by 31 December 2015. Instead, Cabinet has approved the extension of current activities to 30 June 2016 specifically to close off this project and allow more time to process existing applications including the implementation of already approved work with contractors.

Work is also required for at least one application inspection visit to determine subsidy eligibility criteria for applications received but which have not yet been approved. For approved applications one more inspection visit is required to confirm installation of water tank before payment of subsidy.

For more information refer to the MFEM website at http://www.mfem.gov.ck/development?id=299  or contact the Project Coordinator Michelle Aisake at DCD Office on email michelle.aisake@cookislands.gov.ck or  call 29 521.

ENDS


Sale by tender for Penrhyn diesel tanks

The Ministry of Finance and Economic Management seeks suitable companies, groups or individuals to submit a tender for the Sale of Assets of 4 x 20,000 litre Diesel tanks previously situated on the Penrhyn wharf.

These tanks have been acquired by Government due to their recent replacement. They are in various states of repair and are sold as-is-where-is with no guarantees or claims made regarding suitability for any purpose. The tanks are currently being stored behind MFEM on Cook Islands Investment Corporation (CIIC) premises adjacent to the CCECC water Project Administration buildings. They can be viewed at any time by interested parties or by arrangement with the tender contact person.

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Sale by tender for disposal of 1992 Cook Islands bank notes

The Ministry of Finance and Economic Management seeks suitable companies, groups or individuals to submit a tender for the sale of its inventory of bank notes issued in 1992 and now out of circulation. These notes are no longer legal tender but have value to collectors of bank notes worldwide.

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