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News

A New Chapter for Punanga Nui Market

By Ruanoo Mose 

The Cook Islands Investment Corporation (CIIC) today marked a major milestone in the redevelopment of the Punanga Nui Market precinct, officially opening the new Te Tāpora Kai Farmers and Crafts Market, Are Kai Moana, and the new public Terevete Toilet Block at a ceremony attended by government leaders, traditional and religious representatives, vendors, and members of the public.

Deputy Prime Minister and Minister responsible for CIIC, Hon. Albert Nicholas, joined Minister George Angene, the Chair of CIIC, Mr Fletcher Melvin, and Her Excellency Catherine Graham, the New Zealand High Commissioner, in officiating the opening ceremony and blessing of the new market facilities.

The opening marks the completion of Stage 1 of Te Tau Papa o Avarua, a 20-year masterplan to revitalise Avarua’s town centre and waterfront. The new buildings represent a shared vision to create a vibrant, safe, and sustainable public space that supports local enterprise while reflecting Cook Islands culture and identity.

“Te Tāpora Kai is more than a building – it is a story of partnership, perseverance, and pride,” said Hon Albert Nicholas. “It represents what we can achieve when government, community, and enterprise work together to deliver lasting results for our people.”

The new market can accommodate around 70 small vendors, providing a purpose-built, open-plan covered space that enables reliable trade in all weather conditions. It is complemented by the new Are Kai Moana fish market, upgraded amenities, new utilities, and the addition of a Cook Islands Tourism information centre and BCI ATM.

CIIC Chair Fletcher Melvin acknowledged the collective effort behind the project, noting that more than 70 local contractors and tradespeople were engaged in its delivery.

“This is a Cook Islands achievement, made by Cook Islanders, for Cook Islanders,” said Mr Melvin. “We made a deliberate decision to manage the project in-house through CIIC’s Project Management Unit, strengthening our national capability to deliver major infrastructure locally.”

The $8 million development was funded through the Cook Islands Infrastructure Trust Fund with the support of the Government of New Zealand.

The name Te Tāpora Kai, meaning “one food basket containing many small baskets,” symbolises the spirit of unity and collaboration among vendors, artisans, and producers who form the heart of the Punanga Nui community.

Today’s celebration in the year the Cook Islands celebrates its 60th anniversary of self-government, highlights CIIC’s role in strengthening the nation’s infrastructure and supporting local economic growth.

The event concluded with cultural performances and tours of the new facilities, followed by refreshments served at Are Kai Moana.

To view image of the opening ceremony, visit our facebook page: https://www.facebook.com/ciinvestmentcorp


Te Tapora Kai - Market update for vendors
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