Hon STUART NASH: It is the third-largest PGF project in the Canterbury region, after a $10.5 million racetrack at Riccarton and the $10.8 million Wakatu Quay development in Kaikōura. This sort of investment is transformational and part of a wider Government strategy to strengthen our regional economies, businesses, and jobs. These projects are examples of innovative thinking and partnerships. They offer new economic solutions to challenges facing provincial towns, businesses, and jobs, as well. Last month, we passed an important $2 billion milestone in payments to regional economic development projects. The momentum of regional economic development is now picking up pace. We reached the $2 billion milestone just 10 months after the $1 billion milestone in February this year, which itself took three years to achieve.