13 Mar 2008

Reef Group looks to NZ for help Niue projects

4:44 pm on 13 March 2008

The New Zealand-based company that has made major investments in Niue says it is looking to the New Zealand Government for millions of dollars to help offset the establishment costs.

The Reef Group has set up a fish processor, a trawler fleet, a 120 hectare noni juice operation and a freight air link.

The managing director of Reef, John Gresson, says the operations are yielding benefits for the island and it is time for Niue as the joint venture partner to help meet some of the capital costs.

"But of course we know that Niue is a small and not very rich community and we feel that the outcomes attained probably justify the New Zealand Government offering assistance to Niue within the boundaries of usual aid development, regional development parameters."

John Gresson of Reef Group.

Niue and New Zealand Government officials have been in talks in Wellington this week and the request from Reef is one of the issues on the table.