November 06, 2020
ACC funds iwi into crown lease back properties
Te Kawerau ā Maki has done a deal with the Accident Compensation Corporation which has allowed it to buy four Auckland schools offered to the tribe in its Treaty Settlement.
Campbells Bay Primary, Waterview Primary, Henderson Primary and Matipo Primary School will be held by a joint venture partnership called Te Kawerau Iwi Schools LP and leased back to the Ministry of Education.
ACC contributed funding to the partnership which is to be repaid over the next 30 years.
Te Kawerau chair Te Warena Taua says investment in the education sector fits perfectly with the tribe’s cultural aspirations and values.
It also helps re-establish the footprint of Te Kawerau in its traditional rohe.
Copyright © 2020, UMA Broadcasting Ltd: www.waateanews.com