$4M extra for EPA to administer new offshore resources regime

Thu, 21 May 2015

By Pattrick Smellie May 21 (BusinessDesk) - The Environmental Protection Authority’s plea for additional funding to support administration of the new regime governing the Exclusive Economic Zone, with a $4 million boost to funding. The EPA had been struggling to meet the unexpectedly high costs of the new regime, which for the first time sets up a regulatory framework for exploiting resources in New Zealand’s vast oceanic area, the fourth largest in the world. The announcement was part of a four year $41.2 million package of measures t...

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