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The Provincial Growth Fund (PGF) has approved a $15 million loan to help re-establish a gold mining operation at Blackwater Gold Mine, near Reefton on the West Coast today.

The Provincial Growth Fund will invest $2.074 million to repair erosion damage to the seawall at Westport Airport to ensure the airport is maintained as a crucial connection, Regional Economic Development Minister Shane Jones announced today.

The Provincial Growth Fund (PGF) is backing the West Coast with initial investment in projects that could lift the region’s productivity potential and future-proof its economy.