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Economic Development Minister Steven Joyce today announced a Major Events Development Fund (MEDF) investment of $1.2 million in the next three Ultimate Waterman events.
The Government is investing up to $250,000 through the Major Events Development Fund in the annual Lake Taupo Cycle Challenge, with the 2015 event taking place this Saturday.
Economic Development Minister Steven Joyce today announced that the Major Events Development Fund (MEDF) will invest up to $1.2 million over three years in a new South Island-based mountain bike stage race called The Pioneer. The inaugural Pioneer event will take place in the Southern Alps at the end of January 2016.