Boohoo to link £150m bonus pot for directors to supply chain improvements

first_img Michiel Willems He said the business was “on track” to deliver on the 17 recommendations made by QC Alison Levitt, following her report into the scandal. It said that the total pay packet for executive directors fell by 17.6 per cent to £5.41m for the year to February, compared with £6.5m in the previous financial year. The group’s annual report revealed that total executive pay had slipped as Boohoo’s chief secured a lower pay packet for the past financial year. Wednesday 19 May 2021 1:56 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsBrake For ItSay Goodbye: These Cars Will Be Discontinued In 2021Brake For ItMoneyWise.comMechanics Say You Should Avoid These Cars In 2021  MoneyWise.comFactableAluminum Foil Uses You’ll Want to KnowFactableLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsLivestlyPlugs Have These Two Holes At The End, Here’s WhyLivestlyDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyAgefulUnsold Car Clearance Sale Going On In ArizonaAgeful1MDDoctor: Try This For A Fatty Liver (Watch) 1MD Show Comments ▼ Progress Boohoo has said it will now link long-term bonuses to the implementation of its Agenda For Change programme after pressure from Parliament’s Environmental Audit Committee. whatsapp In the report, Lyttle also highlighted the progress he said the company had made improving corporate governance following the supply chain accusations. The group’s London-based brands are now also operating from its new offices in Soho. (Getty Images for boohoo.com) Also Read: Boohoo to link £150m bonus pot for directors to supply chain improvements The slump was primarily caused by a significantly lower pay deal for the group’s chief executive officer John Lyttle. In March, the business slashed ties with around 400 supplier firms as part of these changes. It was alleged last year that some factories in the UK working for the firm were paying staff as little as £3.50 an hour and had working conditions which did not meet lockdown restrictions. The group’s London-based brands are now also operating from its new offices in Soho. (Getty Images for boohoo.com) Also Read: Boohoo to link £150m bonus pot for directors to supply chain improvements The online retailer faced criticism from investors last year over its long-term incentive scheme, which could see founders and directors paid up to £150m.center_img Boohoo plans to link multimillion-pound bonuses for its directors with improvements in its supply chain following allegations of poor working conditions and corporate governance. Pre-tax profits lifted by 35 per cent to £124.7m as the group was boosted by higher sales and the “successful integration” of brands bought out of administration, including Oasis and Warehouse. whatsapp Tags: Boohoo Earlier this month, Boohoo reported that revenues jumped 41 per cent to £1.74 billion in the year to February 28. Executive director Kane also saw her pay deal nudge slightly higher, rising to £1.38m for the year. Boohoo to link £150m bonus pot for directors to supply chain improvements Meanwhile, other directors on the company board, including founders Mahmud Kamani and Carol Kane, received marginally higher pay packets. The group’s London-based brands are now also operating from its new offices in Soho. (Getty Images for boohoo.com) Also Read: Boohoo to link £150m bonus pot for directors to supply chain improvements Lyttle saw his total pay deal, which included a base salary of £615,000, fall to £1.57m from £2.7m in the previous year after failing to meet targets to secure long-term incentives. Executive pay The group’s London-based brands are now also operating from its new offices in Soho. (Getty Images for boohoo.com) Share Executive chairman Kamani, who owns a 12.5 per cent stake in the business, saw his pay packet increase by 1.2 per cent to £1.39m for the year, including a £900,000 annual bonus.last_img read more

Car execs call for fresh ideas to save automotive industry

first_imgSunday 1 March 2015 11:15 pm whatsapp Share whatsapp Car execs call for fresh ideas to save automotive industry The automotive industry is in dire need of a new generation of leaders if it is to survive in an increasingly challenging environment according to new research by talent consultancy firm Korn Ferry. The report, released today, which draws upon interviews with more than 50 senior executives from across the industry, found 39 per cent of respondents believed companies lack clear strategy for the future, while only 53 per cent were confident that their company can identify and develop high-potential next-generation leadership talent.It claims that in an era of rapid technological change, automotive companies will have to broaden their search for talent and develop a workforce with the skills to cope with a customer base whose expectations have become increasingly accustomed to the swift upgrades by makers of smartphones and tablets.Further threats to the industry come from disruptive technologies, such as Google’s prototypes of autonomous cars, as well as innovative companies like Tesla challenging the old order. The report said the most important attributes for future leaders in the automotive industry are; strategic agility, the ability to cultivate innovation, dealing with ambiguity, inspiring others and cultural adaptability.According to the report, while some of these attribute are more innate, others can be developed over time, but in combination provide the most valid and reliable predictors of future leadership potential.Chris Donkin, senior client partner at Korn Ferry and author of the report, said: “The results of the survey point to a fundamental shift in the leadership capabilities required to succeed in what is likely to be a prolonged period of slow growth and rapid change. Ultimately, the winners will be those companies that can evolve most quickly, developing streamlined, adaptive talent organisations driven by a new breed of executives with different leadership skills.” center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailzenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldNowThisThe No. 1 Country Song of Every Year Since 1944NowThisDiscovery29+ Fascinating U.S. Navy WarshipsDiscoveryMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesSmartAnswers.netThis New Volkswagen SUV Is The Car Of Your Dreams.SmartAnswers.netGameday NewsNBA Wife Turns Heads Wherever She GoesGameday News Show Comments ▼ Express KCS Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof Tags: NULLlast_img read more

General Election 2015: David Cameron’s Conservative cabinet reshuffle so far – Sajid Javid confirmed as new business secretary as Eric Pickles loses communities and local government role

first_imgMonday 11 May 2015 10:02 am whatsapp Emma Haslett Following Friday’s fireworks, it’s time to get down to business: the Prime Minister has set about forming the first all-Conservative cabinet in 18 years, with Sajid Javid appointed as business secretary, while Iain Duncan Smith has kept the work and pensions gig. Meanwhile, Greg Clark dethroned his boss, Eric Pickles, to become secretary of state for communities and local government.Aside from Gove’s new role as secretary of state for justice and Grayling’s job as leader of the House of Commons, the announcements so far have been fairly widely anticipated: Theresa May stays in post as home secretary, George Osborne keeps his job as chancellor and Philip Hammond stays on as foreign secretary. After a brief visit to No. 10, Boris Johnson – who was originally rumoured to be taking on the role of minister without portfolio – told reporters “my job is Mayor of London”.https://twitter.com/David_Cameron/status/597687210725515264 Bromsgrove MP Javid will be seen as a positive choice for the role: a PPE graduate and former Deutsche Bank and Manhattan Bank senior manager, he’s held roles as financial secretary to the Treasury, economic secretary to the Treasury and – a rather surprise choice when it was announced – secretary of state for culture, media and sport. Javid’s only drawback is his relationship with the media: his performances on broadcast media have been seen as less than charismatic. Nevertheless, it’s the sums his colleagues will be worried about.Read more: Three things you need to know about Sajid Javid Tags: David Cameron General Election 2015 People Sajid Javid General Election 2015: David Cameron’s Conservative cabinet reshuffle so far – Sajid Javid confirmed as new business secretary as Eric Pickles loses communities and local government role whatsapp Show Comments ▼ Share More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comlast_img read more

Three lessons from Covid-19 on accelerating biopharma innovation

first_img Anne White Better integration of digital technologies. Until recently, most of Lilly’s clinical sites relied on a manual screening process in which we worked with investigators to individually review applications and ensure that patients met the qualifications to take part in a trial. An internal assessment we performed found that because these were not tracked effectively, our sites were screening an average of 20 patients for every one enrolled, which extended timelines beyond what we felt was appropriate.The innovation here was adopting a cloud-based process that allows sites to enter and track prescreening information. That helps us quickly analyze trends in how patients are getting accepted or rejected. If more patients are being screened out than expected, we can reexamine and possibly update the enrollment criteria. This change has not only helped reduce the time required to enroll patients, but has also informed decisions about where to open new sites for trials.Digital solutions in clinical trials continue to rapidly evolve, and it is the pharmaceutical industry’s responsibility to lead the way in implementing them. It is also up to us to communicate the benefits these tools can offer to help overcome status quo biases that may hinder progress. For instance, we found that the clinical trial sites that implemented a cloud-based system enrolled 23% more patients than those that did not.I often hear from physicians and patients who are eager for updates as a new treatment nears the finish line. When you’re dealing with diseases like cancer, getting a treatment to market just three or six months sooner can save lives. During the fight against Covid-19, it is crucial that we understand, implement, and share what we’ve learned from innovations and failures across the health care system so we can continue to improve the way all companies discover and distribute new medicines to people in need.Patients regularly face the unexpected with resilience and strength. Our industry must do the same.Anne White is the president of Lilly Oncology. About the Author Reprints Please enter a valid email address. linkedin.com/in/anne-white-37040512/ First OpinionThree lessons from Covid-19 on accelerating biopharma innovation NewslettersSign up for The Readout Your daily guide to what’s happening in biotech. Tags cancerCoronavirusresearch Leave this field empty if you’re human: Rethink clinical trial design. Patients frequently cite barriers to access as a reason they don’t participate in clinical trials. In cancer research, for instance, more than half of patients don’t have a trial available to them at a nearby institution.advertisement By Anne White Sept. 18, 2020 Reprints Operation Warp Speed promised to do the impossible. How far has it come? Privacy Policy Competition and intellectual property incentives remain vital to fuel the innovation engine that positions the pharmaceutical industry to help address this and other crises. However, the pandemic is catalyzing conversations about expanding partnerships in ways that can mutually benefit all players. Related: The widespread adoption of telehealth services spurred by recent social distancing measures is a significant step forward, as it allows geographically diverse patients to access trials where clinical sites aren’t available. As these capabilities continue to expand, it is imperative that we capitalize on their potential.Covid-19 has had a devastating impact on nursing home residents, with more than 40% of coronavirus deaths in the U.S. linked to long-term care facilities. The existing logistical challenges in managing clinical studies in such facilities have been amplified by social distancing restrictions.An approach taken by my company, Lilly, offers an example of rethinking clinical trials in the age of coronavirus.Given the pressing challenges caused by the pandemic, we needed an innovative solution to fast-track potential Covid-19 treatments for this vulnerable population. So when we launched a trial for our lead investigative neutralizing antibody against the novel coronavirus, we did so in a way that did not require residents to travel. The first-of-its-kind study design relies on mobile labs built from custom retrofitted recreational vehicles that can be brought directly to residents and staff, while trailer trucks transport the supplies needed to create on-site infusion clinics. Adobe The health care research ecosystem has shifted into overdrive in response to Covid-19, sparking unprecedented speed and agility. The economic and public health burdens it has generated demand that we rethink our approach to developing new vaccines and therapies. Researchers are now examining what we can learn from these experiences and more broadly apply this innovation to research and development in the future.As we look back at the past few months, I see three lessons that health care researchers can take from our experience so far:More collaboration. In nearly every case, meaningful progress against Covid-19 has been the result of multiple organizations working together with a unified mission. While partnerships have long been a facet of drug development, the intensity and scale of recent collaboration is unprecedented.advertisementlast_img read more

Sadness at retirement of popular Portlaoise teacher

first_img TAGSGaelscoil Portlaoise Facebook Rugby WhatsApp Previous article24 things you’ll relate to if you spent a summer in AmericaNext articleLiverpool superfan takes over LaoisToday Snapchat live from Champions League final in Kiev David PowerA journalist for over 20 years, David has worked for a number of regional titles both as journalist and editor. From Tullamore he also works as a content editor for Independent.ie. His heroes include Shane Lowry, Seamus Darby and Johnny Flaherty Twitter Charlie Flanagan on Electric Picnic: ‘I’d ask organisers to consult with community leaders’ It was an emotional day in Gaelsoil Phortlaoise recently when the retirement of Siobhán Uí Chuinn was marked, a much-loved member of staff since the school opened.Ms Uí Chuinn worked in Gaelscoil Phortlaoise from its foundation in September 1998.The Gaelscoil noted from that day forth she has been a valued and dedicated member of our staff. Siobhán is a proud Kerry woman who, fortunately for us, chose to pitch her tent in the O Moore County.“She worked tirelessly and selflessly from the beginning and was central to the growth and development of the Gaelscoil over the years. Indeed, it was a source of great pride to us as a school community when Siobhán had the honour of officially opening our new building in Summerhill in 2014,” the Gaelscoil posed on social media.“It was with a heavy heart that we learned of Siobhán’s impending retirement,” the post added.“Siobhán is a loving and kind person and hugely respected by those who know her. She is an excellent teacher and is both loved and respected by her pupils.“There was always a special bond between Siobhán and her students. Her classroom was a picture of happiness, vibrancy and diligence,” the Gaelscoil said of her.“Siobhán perfected that happy medium between having a laugh with her pupils and driving each and every one to achieve their potential in all subject areas.“With Múinteoir Siobhán, no child was left behind. They each excelled in their own way and at their own pace. Parents held her in high regard. They appreciated her dedication to the job, and the values she passed on to their children,” the Gaelscoil added.On Friday May 4th the school gathered in the school library to bid farewell to their esteemed friend and colleague. Her entry into the room was greeted with loud applause and cheering, particularly from the Sixth class pupils who had fond memories of Múinteoir Siobhán when in Rang 4.“It was a wonderful celebration of song, music and poetry, featuring emotional tributes and presentations from both the pupils and the Parents’ Council. As a fitting tribute to mark the occasion, we asked Múinteoir Siobhán to perform the official opening of the school library,” the social media post outlined.“You can imagine her surprise on opening the curtain to unveil a plaque in her own name. How fitting that our new library be renamed ‘Leabharlann Siobhán Uí Chuinn’. Siobhán was instrumental in the foundation and upkeep of the school library and worked diligently to foster a culture of reading in Gaelscoil Phortlaoise,” the Gaelscoil outlined.“When Múinteoir Siobhán spoke, there wasn’t a dry eye in the house. She thanked us all for marking her retirement in such a beautiful way. She recalled with fondness the many years spent working with the pupils, staff and parents of Gaelscoil Phortlaoise and wished us great happiness and prosperity for the years ahead,” the post added.“In a spontaneous gesture of emotion the boys and girls of Rang 6 rose from their chairs and approached Múinteoir Siobhán where they were each greeted with a loving embrace, a simple but touching moment, indicative of a magical chemistry between a teacher and her pupils,” the school said on social media.SEE ALSO – 43 homes repossesed by Laois County Council Facebook Pinterest By David Power – 25th May 2018 Ten Laois based players named on Leinster rugby U-18 girls squad Sadness at retirement of popular Portlaoise teacher Home News Community Sadness at retirement of popular Portlaoise teacher NewsCommunity Pinterest RELATED ARTICLESMORE FROM AUTHOR Twitter Five Laois monuments to receive almost €200,000 in government funding WhatsApp Community Community last_img read more

Defector Groups Vow to Remember Cheonan

first_img North Korea tries to accelerate building of walls and fences along border with China RELATED ARTICLESMORE FROM AUTHOR News News Defector groups in South Korea have expressed their determinationto continue their struggle against the Kim Jong Eun regime in order that the 46seamen who perished on the ROKS Cheonan did not lose their lives in vain.Marking the fourth anniversary of the sinking, Hong Sun Kyungof the Committee for the Democratization of North Korea told Daily NK yesterday,“No matter who may argue otherwise, the sinking of the ROKS Cheonan was an act perpetratedby North Korea; a fact the Kim Jong Eun regime mustacknowledge and reflect upon. If they wish to become a memberof the international community then they must take full responsibility fortheir actions.”Continuing, he resolved his group would continue doing their best to bring about “change that will see the transformation ofthe lives of the North Korean people.”Lee Seok Yong of Free North Korea Radio concurred, asserting that defector groups will “unite forces in condemning the inhumaneacts of North Korea.”“We will never forget the sacrifice made by these young men in their 20s while defending South Korea’s territorial waters,” he said, before adding, “We will not cease our struggle against the Kim Jong Eunregime until the day it sincerely reflects on its mistakes and guarantees thefreedom and human rights of its people.”Around thirty members of various defector groups met yesterdayat the Daejeon National Cemetery to pay their respects to the fallen. A furtherfifty activists convened at the Unification Observatory in Paju on Tuesday to fly600,000 leaflets condemning the sinking of the Cheonan across the border intoNorth Korea. News SHARE Kang Mi JinKang Mi JinKang Mi Jin is a North Korean defector turned journalist who fled North Korea in 2009. She has a degree in economics and writes largely on marketization and economy-related issues for Daily NK. Questions about her articles can be directed to [email protected] center_img Facebook Twitter News Defector Groups Vow to Remember Cheonan There are signs that North Korea is running into serious difficulties with its corn harvest Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak By Kang Mi Jin – 2014.03.27 10:31am last_img read more

Canada’s major banks would weather housing downturn: Moody’s

first_img U.S. action on climate benefits banks, asset managers: Moody’s Keywords Banking industry James Langton The big Canadian banks would hold up much better in a severe housing market crash than their U.S. counterparts did during the financial crisis, says Moody’s Investors Service in a report published on Monday. Related news High debt levels threaten banks’ strong results: Fitchcenter_img G7 tax pledge may be upstaged by CBDC work Share this article and your comments with peers on social media Facebook LinkedIn Twitter “Increasing household debt and rapidly increasing home prices in Canada demonstrate conditions similar to the U.S. leading up to the financial crisis,” the report says. However, the report adds that “significant structural differences between the Canadian and U.S. mortgage markets mean that the largest Canadian banks would be able to absorb the direct effects of a severe housing crisis without incurring catastrophic losses.” In particular, government-guaranteed mortgage insurance, lower rates of “subprime lending”, and the lower prevalence of “originate-to-distribute” securitization practices, differentiates the Canadian market from the U.S., the report notes. “Canadian policymakers have made significant structural changes to the market — some informed by the U.S. example — that would help contain the effects that a severe housing shock could have on the country’s banks,” says Jason Mercer, assistant vice president at Moody’s, in a statement. Roughly half of Canada’s fast-rising mortgage debt, amounting to nearly $700 billion, is explicitly supported by the Canadian government, according to the report. These backstopped loans have historically been high quality, the report says, “as stable employment and historically low interest rates have helped to stabilize servicing costs relative to disposable income. Further, legally mandated minimum down payments reduce the risk of collateral value declines.” In its report, Moody’s simulates a historic-level mortgage crisis, including an overall house price depreciation of 25%, plus an additional 10% price decline in Ontario and British Columbia, which have seen prices rise most significantly over the past several years. In such a scenario, Moody’s estimates that the system could face losses of almost $18 billion. However, the largest Canadian banks “would be able to absorb a major shock in the housing market without incurring catastrophic losses,” the report says. Banks would be able to generate internal capital to cover losses within a few quarters, the report estimates. “While Royal Bank of Canada would suffer the largest absolute loss under Moody’s severe stress scenario,” the report says, “Canadian Imperial Bank of Commerce’s capital is most at risk owing to its operational focus on Canadian retail lending.” Photo copyright: Bloomberg last_img read more

Community feedback delivers better bypasses for Singleton and Muswellbrook

first_imgCommunity feedback delivers better bypasses for Singleton and Muswellbrook Deputy PremierThe NSW Government is powering ahead with plans for the Singleton bypass, announcing it will build a full interchange for the bypass with the Putty Road.Deputy Premier John Barilaro and Minister for Regional Transport and Roads Paul Toole said the Singleton bypass would be the biggest road infrastructure project in Singleton’s history.“We are getting on with the job of building the game changing bypass that Singleton deserves,” Mr Barilaro said.“We’ve heard from the community that they want a full interchange at Putty Road to make it easier to access Singleton town centre from the bypass and that’s what we will deliver. “The Liberal-Nationals in Government promised and delivered a Scone bypass which has already transformed trips along the New England Highway. Now we are delivering on our promise for bypasses for both Singleton and Muswellbrook.”Mr Barilaro said the NSW Government will also continue to work closely with the Muswellbrook community to make sure the Muswellbrook bypass has good connections into the town centre.“Today I can also announce that as we work towards a concept design for the Muswellbrook bypass, the NSW Government will commit to include connections to Coal Road and we will co-fund with Council local road upgrades to support that connection,” Mr Barilaro said.Mr Toole said the NSW and Australian Governments have committed $700 million to the Singleton bypass with the project now in the detailed design phase.“We’ve always ensured our design for this bypass would have the flexibility to incorporate a full interchange with the Putty Road – and it’s clear that this is something the community is calling for. Today we’re giving them the certainty it will be part of it,” Mr Toole said.The NSW Government has committed $266 million to the Muswellbrook bypass with the concept design due to be released later this year.Work on both bypasses will begin next year.“We know how important these bypasses are to these communities and how excited they will be to see shovels in the ground,” Mr Toole said.“The New England Highway is a major freight and commuter route with tens of thousands of vehicles passing through Singleton and Muswellbrook each day – these bypasses will remove through traffic, dramatically reducing congestion and returning local streets to the community.”Construction of the Singleton and Muswellbrook bypasses is expected to create more than 2000 jobs. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Australia, Australian, Australian Government, building, coal, community, council, Government, infrastructure, Minister, Muswellbrook, New South Wales, NSW, Premier, project, Scone, Singleton, Transportlast_img read more

Federal Budget supports South Australia’s recovery plan

first_imgFederal Budget supports South Australia’s recovery plan Prime MinisterSouth Australia continues to benefit from the Liberal and Nationals Government’s record infrastructure investment, with funding for major new projects to be announced in this week’s 2021-22 Budget, securing Australia’s recovery.Key projects to be funded include:$2.6 billion allocation of funding for the North-South Corridor – Darlington to Anzac Highway;$161.6 million for the Truro Bypass;$148 million for the Augusta Highway Duplication Stage 2;An additional $64 million for the Strzelecki Track Upgrade – Sealing;An additional $60 million for the Gawler Rail Line Electrification;$48 million for the Heysen Tunnel Refit and Upgrade – Stage 2An additional $27.6 million for the Overpass at Port Wakefield and Township Duplication;$32 million for the Kangaroo Island Road Safety and Bushfire Resilience Package, and$22.5 million for the Marion Road and Sir Donald Bradman Drive Intersection Upgrade Prime Minister Scott Morrison said these projects will make South Australian roads safer, improve public transport, reduce travel times and support thousands of jobs across the state.“From continuing upgrades on the North South Corridor, to delivering the roads needed for the recovery of Kangaroo Island from devastating bushfires – these projects will support more than 5,000 direct and indirect jobs across South Australia,” Prime Minister Morrison said.“Our record funding commitment is creating jobs, boosting business investment, while securing Australia’s COVID recovery.”Prime Minister Scott Morrison said nationwide, the Budget will further extend the Government’s already unprecedented rolling investment pipeline, supporting jobs across the country.“This includes supporting more than 5,000 direct and indirect jobs in SA over the life of the new projects announced through the Budget, boosting businesses and communities as part of the Government’s National Economic Recovery Plan,” the Prime Minister said.“The substantial injection of funding delivered in this year’s Budget is a key plank of the Government’s plan to help Australia bounce back stronger than ever from the COVID-19 pandemic.”Deputy Prime Minister and Minister for Infrastructure, Transport and Regional Development Michael McCormack said the Federal Budget was supporting South Australians to continue building back from the COVID-19 pandemic.“The Government is driving the delivery of major infrastructure projects to continue South Australia’s comeback from the pandemic, building the economy and providing certainty for business over the long term.“Road safety is everyone’s responsibility and the Federal Government is playing our part by improving local roads and infrastructure across the State to get South Australians home sooner and safer.“Investing more than $160 million for the Truro Bypass is just one example of our ongoing commitment to building the infrastructure South Australians need, want, expect and deserve.”Minister for Communications, Urban Infrastructure, Cities and the Arts Paul Fletcher said the Budget is also delivering additional funding to progress delivery of priority projects.“We are committing $60 million in additional funding for the Gawler Rail Line Electrification and $3.1 million in additional funding for Goodwood and Torrens Junctions,” Minister Fletcher said.“The Government will continue to invest in the South Australian economy in the coming years, including through key congestion-busting projects such as the next North-South Corridor priority between Darlington and the Anzac Highway, as well as priority intersection upgrades.”Minister for Finance Simon Birmingham said this funding injection would support projects in Adelaide as well as those across regional SA, including the APY Lands – Main Access Road Upgrade between the Stuart Highway and Pukatja, and the Port Wakefield overpass and township.“This massive investment in major infrastructure will generate thousands of jobs, better connect our state and help South Australians get home sooner and safer,” Minister Birmingham said.“Our Government is helping to deliver a steady pipeline of infrastructure projects across the state that will play a critical role in the ongoing economic recovery and jobs revival.The Australian Government looks forward to working constructively with the South Australian Government to deliver this infrastructure, supporting jobs and businesses right across South Australia. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Adelaide, Augusta, Australia, Australian, Darlington, Deputy Prime Minister, Federal, Gawler, Government, Kangaroo Island, Morrison, Port Wakefield, Prime Minister, SA, Scott Morrison, South Australia, Truro, Wakefieldlast_img read more

$240,000 supports new look for Swansea foreshore

first_img$240,000 supports new look for Swansea foreshore Key pieces of rehabilitation work boosted by $240,000 in NSW Government grants have started improving waterways and ecosystems along the Swansea foreshore. Minister for Local Government Shelley Hancock inspected the foreshore and wetland rehabilitation site at Swansea today, after $240,000 was awarded to Lake Macquarie City Council to carry out the work as part of the NSW Government’s Coastal and Estuary Grants Program.“I’m pleased with the works completed so far at Swansea foreshore and to see, first-hand, the 80-metre long protective rock wall, revegetation and saltmarsh rehabilitation,” Mrs Hancock said.“Through the Coastal and Estuary Program, the NSW Government is funding half of this exciting Lake Macquarie City Council project.“Lake Macquarie City Council is to be commended for undertaking this vital restoration work in Swansea for today and tomorrow’s locals and visitors.”Mrs Hancock said the Swansea foreshore project aims to rehabilitate important coastal areas and improve ecological health.“The NSW Government is committed to enhancing the condition of our State’s degraded foreshores and wetland areas, lending a helping hand to support local councils and communities to deliver practical and effective coastal management measures,” Mrs Hancock said.“The funding will be used to rehabilitate coastal vegetation, and increase the buffering capacity of the foreshore to filter and treat stormwater runoff, which will lead to a reduction of sediment entering the lake.“Saltmarsh has been reduced by up to 80% through land development in Lake Macquarie so helping to reinvigorate these crucial coastal zones will go a long way in maintaining nursery areas for fish and prawns, as well as habitat for shorebirds such as the eastern curlew.”The two projects span several sites, including:Eraring, Buttaba, Wyee and Swansea foreshores (as part of the Foreshore Grant – $152,809)Belmont wetlands, Bonnells Bay and Swansea foreshores (as part of the Wetlands Grant – $90,000)Mayor of Lake Macquarie Councillor Kay Fraser said the ongoing works were building resilience and awareness in the community.“The funding we’ve received as part of the NSW Government’s Coastal and Estuary Grants program has helped support our vision to deliver better coastal areas for Lake Macquarie,” Cr Fraser said. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:AusPol, Bonnells Bay, building, community, environment, Government, grants program, habitat, Lake Macquarie, Lake Macquarie City Council, local council, Local Government, Minister, New South Wales, NSW, resilience, revegetation, stormwater, wetlandlast_img read more