Financial Secretary Office News

Financial Secretary Office News

Release of Report on Feasibility of an International Submarine Cable System for the Cook Islands

Minister for Finance releases feasibility report on Telecommunications Cable to the Cook Islands.

The Cook Islands Minister for Finance, the Honourable Mark Brown has released a report provided by the ADB to the Government in 2013 on the feasibility of an international submarine cable system for the Cook Islands.   In releasing the report Minister Brown outlined: 

“our connectivity to the world is an important aspect of improving our future economic potential, providing services through government and also for people in the community to access the wide range of services available through the internet.”

The study was undertaken in early 2013, prior to the actual introduction of the O3B service to the Cook Islands and identified that at the time the best route option for an ultra-high capacity international submarine cable system would be a direct cable from Rarotonga to Tahiti.

The capital cost of such a cable was estimated to be USD33.6 million (NZD 39.9 million at exchange rates of the time).

The report points out that whilst this at the time was the preferred cable route for the analysis it did not rule out the possibility of other route options worthy of consideration emerging into the future. 

Download the full report  - pdf201305_ADB_Report-on-the-Feasibility-of-an-International-Submarine-Cable-System-for-the-Cook-Islands_Final.pdf1.48 MB

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Release of information relating to Pacific Schooners delivery of service for the Te Maeva Nui shipping20150731

The Ministry of Finance and Economic Management is currently in the process of updating the whole of government procurement website with details on contracts and tenders issued by agencies of government from 1 July 2013. 

Our aim is to ensure that this website is regularly updated. 

There have been a number of requests under the Official Information Act to provide a copy of the recently signed vessel charter agreement between the Government and Pacific Schooners to return people back to the Pa Enua following the completion of Te Maeva Nui and the Constitutional Celebrations. 

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Commemorative Issue of Cook Islands Circulating Coins

To commemorate the 50th anniversary of Self Government the Ministry of Finance of Economic Management has a limited set of Cook Islands circulating coins set in a special sleeve for sale for $30.

The set features the circulating currency which will be launched on Cook Islands Constitution Day on 4 August 2015.

The set consists of six coins with the obverse side of featuring the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II and the year of mintage (2015). The reverse side of each coin features a number of different designs featuring the culture and traditions of the Cook Islands.

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