Tag Archives: Decade

New Zealand’s water workforce is struggling to generate multibillion-dollar investments | Instant News


Max Vollenbroich, of the German company Amex-Sanivar, is working to repair a damaged mud pipe. Photo / Provided

The country’s water workforce is struggling to meet huge growth and infrastructure needs as decades of underinvestment in pipelines can finally be overcome.

Water New Zealand’s latest National Performance Review shows $ 1.6 billion was spent on capital improvements last year.

That increased 44 percent for water supply and 30 percent for wastewater discharges over the previous year.

The 2019/2020 study covers about 90 percent of the population and 42 water suppliers.

But the Department of Home Affairs estimates the cost of repairing New Zealand’s wretched pipeline could be as high as $ 110 billion over the next 30 to 40 years.

Generating billions of dollars in investment on this problem is only half the equation.

One actually has to do the job physically too.

The study found, on average, only 77 percent of budgeted capital expenditure was spent in the past financial year.

Water New Zealand chief executive Gillian Blythe said the lack of people to complete the project was widely recognized as the main reason for this gap.

The review reveals that the workforce is struggling to keep up with existing growth rates despite a 25 percent increase in the number of people employed in the past four years.

“High vacancy rates continue to be a feature, with vacancy rates of 8 percent in the three water sectors,” said Blythe.

“This has an impact on the ability of service providers to keep up with the level of service demanded by consumers and regulatory standards.

Wellington's water infrastructure has hit a breaking point after decades of underinvestment.  Photo / Jack Crossland
Wellington’s water infrastructure has hit a breaking point after decades of underinvestment. Photo / Jack Crossland

The New Zealand audit recently raised concerns about the matter with Wellington City Council.

The council has budgeted an estimated $ 678 million over the next 10 years to deliver a three-water capital city program.

But audit director Karen Young said shipping was risky because of other large infrastructure projects within the region and nationally, competing for limited resources.

“This, coupled with the uncertainty of Covid-19, could result in the council failing to deliver on its capital program in the coming years, which could have an impact on service levels.”

Wellington Water’s Renewed Long Term Planning report published earlier this year says that local market capacities and capabilities are currently measured for historically static funding levels.

Wellington Water manages water assets for the Hutt, Porirua, Upper Hutt and Wellington City councils, the Wairarapa South District Council and the Greater Wellington Regional Council.

The company requests an independent review of the capabilities and capacities of the local sector, which will be accepted.

Wellington Water chief executive Colin Crampton (left) and Wellington Mayor Andy Foster assessing a map of the city's water network.  Photo / Georgina Campbell
Wellington Water chief executive Colin Crampton (left) and Wellington Mayor Andy Foster assessing a map of the city’s water network. Photo / Georgina Campbell

Last year, Wellington Water launched an accelerated apprenticeship scheme for Three Waters’ vital workforce to retrain 100 people.

The company did not succeed in promoting to the Government as a Covid-19 response project that is ready to shovel.

Wellington Water Group’s Customer Operations Manager Kevin Locke said on the ground, large-scale investment was being challenged by fragmented ownership and a construction sector crippled by outdated working methods.

“This work will be done faster, more efficiently, in a way that builds lasting benefits for the nation and supports an innovation-oriented economy.”

Local Government Minister Nanaia Mahuta previously said she was working with Water New Zealand on what it takes to grow dedicated hydropower.

He gave the example of a team of technicians who were flown in from Germany amid the Covid-19 lockdown to repair two damaged mud pipes in Wellington.

“This just shows me the amount of planning and investment we have to do … so that we have our own workforce that we can rely on for all aspects of our network service”, he said at a public meeting.

Blythe said the situation created opportunities for school leavers and those looking for new avenues.

“The water sector is a great place to work for those interested in giving back to their communities and environment.”

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Cotton arrivals hit a three-decade low of 5.6 million bales | Instant News


KARACHI: The arrival of cotton at the ginning factory hit a three-decade low of 5.6 million bales as the industry was concerned about the prospect of textile production without sufficient raw materials and no alternative arrangements by the government, traders said on Saturday.

As of April 1, 70,200 bales had been exported, while 5.49 million bales were sold to textile factories. Ginners has a stock of 85,070 bales, according to the Cotton Ginners Pakistan Association.

As no data was released by the Pakistan Cotton Ginners Association during this time last year due to the pandemic lockdown, there is no comparison. However, the last two weeks of data showed a 34 percent drop in arrivals compared to last year.

Karachi Cotton Brokers Association chairman Naseem Usman told The News that production of 8.7 million bales was recorded last year. Production is currently down by 3 million bales, which is the lowest production in 30 years.

Industry is concerned about the consistent decline in cotton production in the country and the government’s indecisiveness about measures to meet the demand for local textile businesses because it first allowed cotton imports from India and then disapproved of decisions on political issues.

Arrivals from Punjab were recorded at 3.5 million bales, while Sindh contributed 2.1 million bales. Currently, only five factories are operating partly in Punjab. There are no factories operating in Sindh.

Usman said the partial cotton sowing for the new season had started in Sindh while it was likely to start in Punjab from April 15.

Mills remained cautious about buying over the past week, which affected trading volume and prices fell Rs500 to Rs600 per maund in the local market. On the international market, prices have also fallen by 3 to 4 cents per pound.

Spot cotton prices on the local market fell Rs1,100 per maund in two weeks, which was the highest drop in the history of the Karachi Cotton Association, said a trader.

The cotton tariff in Sindh fell to Rs10,200 to Rs10,500 per maund. Lint in Punjab fetches Rs11,000 to Rs11,200 per maund. The Karachi Cotton Association spot price committee reduced the spot price by Rs700 per maund to Rs11,200 per maund.

The trader said ginners had very little cotton and they might want to sell it as soon as possible because the scorching summer will affect the weight of the fiber, which makes spinners cautious.

In addition, the depreciation of the dollar value can also affect prices in the local market. There is further speculation over the dollar price and the factory is unwilling to take the risk of a massive purchase. The decline in yarn prices is also the reason behind the decline in cotton prices in the local market.

The New York Cotton Market saw a drop to 77 cents per pound. It came down because of the US and China trade conflict. China avoids buying from the US market. It also canceled out about 13,000 bales of the previous deal.

The US Department of Agriculture’s weekly report shows a 71 percent decline in exports during the week. Cotton prices also fell in Brazil, Central Asia, Argentina and India.

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Avatar beat Avengers Endgame to return to being the highest grossing film of all time | Instant News


Avatar has reclaimed box office records. Photo / Provided

It’s been more than a decade since James Cameron Avatar was released, and the epic film has reclaimed its box office crown.

It was knocked out of the all-time grossing film by Marvel’s Avengers: Endgame, but a re-release in Chinese theaters this week has changed it.

According to The Hollywood Reporter, the film made more than $ US8 million (NZ $ 11m) in China this weekend alone, putting the box office total for the 2009 film at $ US2.8 billion, compared to Endgame’s $ US2,797 billion total.

Film producer Jon Landau said: “We are proud to achieve this extraordinary milestone, but Jim and I are very happy that the film is back in theaters during these unprecedented times, and we want to thank our fans in China. for their support. We are very happy to work hard on the next Avatar film and look forward to sharing the continuation of this epic story for years to come. “

The Avatar and Marvel Twitter accounts acknowledge the achievement.

“Irayo to our fans in China for coming out to see Avatar on the big screen this weekend! This crown belongs to the Na’vi Nation – it could not have happened without you. @Jonlandau @JimCameron,” wrote the official Avatar account.

And the Marvel Studio account congratulates Cameron and Landau.

Endgame’s director, the Russo brothers, wrote: “To challenge you … @JimCameron.”

Avatar fans are eagerly awaiting the planned sequel to the film that is currently in the works in Wellington.

Last September, Landau spoke to the podcast The Detail about how Avatar’s production was affected by the pandemic.

He said of the more than 30 crew who were granted border exemptions last May: “These are the people who will open the doors for millions of dollars flowing into the economy.”

“The plan has always been to do live action work here in New Zealand. We were here last year for about six months … and the plan is to come back in March. [2020]. Look at the week we were supposed to have a pandemic trip emerge and we made the decision not to come even before your borders were demarcated. “

Later that month, Cameron provided an Avatar update during an interview with Arnold Schwarzenegger.

“Covid hits us like it hits everybody, it hits us hard,” Cameron said. He said at the time of the pandemic it caused the film to lose four or five months of production.

“Where we are now – I’m shooting in New Zealand. We’re shooting the rest of the live-action, we’ve got about 10 percent left to go. We’re 100 percent done in Avatar 2, and we’re up to 95 percent on Avatar 3.”

Cameron also praised New Zealand’s Covid-19 response: “We are very fortunate that we chose this as our production site years ago, we made our first film here in New Zealand. It turned out to be the first or second best country in the world for the Covid response. her. “

“We can shoot, we can operate, and we can have a more or less normal life here. We are very lucky, so I don’t see any obstacles for us to finish the picture.”

The highly anticipated first sequel to 2009’s epic is slated for release in December 2022.

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Italy GDP +5.3 in 2021, debt may stabilize – S&P – UK | Instant News


(ANSA) – ROME, 22 FEB – S&P said on Monday that Italy’s GDP increased by 5.3% this year and said debt, which is expected to rise to just under 160% of GDP in 2020, could stabilize due to increased growth .

It said the EU’s use of the COVID-19 recovery fund could provide a “strong boost” to public investment, which remains about 30% lower than the major financial crisis a decade ago.

It said the government’s reform agenda would not affect Italy’s credit rating. (ANSA).

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