The Cook Islands Investment Corporation is responsible for governance, growth and development (incubation) of Crown Enterprises, including State Owned Entities (SOE’s) and Crown Corporate Entities (CCE’s).
The below is an illustration of this portfolio subsidiaries, associates, SOEs and CCE’s) across the CIIC Group:
A brief explanation of each entity, along with its current directors, recent milestones and upcoming milestones is provided below:
Directors: The Prime Minister the Honourable Mark Brown (Chairperson)
The Deputy Prime Minister the Honourable Robert Tapaitau
The Honourable Vaine Makiroa Mokoroa
The Honourable George Maggie Angene
The Honourable Vainetutai Rose Toki-Brown
The Honourable Patrick Arioka
The Cook Islands Government Property Corporation was established by the Cook Islands Government Property Corporation Act (1969) to manage Government assets with its governing body being the Ministers of the Government. The major assets owned by Cook Islands Government Property Corporation are Government land and buildings, and equity investments.
Directors: Mr Taoro Brown (Chairperson)
Mr Ianis Boaza
Mr Teariki Reva George
Ms Nancy Matapuku
Mrs Shona Matpo
Chief Executive: Mr Joseph (Joe) Ngamata
The Airport Authority is governed under the Airports and Airport Authorities Act (1968-1969). The Authority is responsible for the management of the international airport on Rarotonga and the domestic airport on Aitutaki.
The Airport Authority is recognized as a critical infrastructure asset for the Cook Islands. The Airport Authority’s vision is “to be the leading small airports company in the region” with a mission “to facilitate the safe, secure and efficient movement of aircraft and passengers”. The Airport does this through the commitment to safety standards, preservation of staff competencies and confidence in quality and safety management systems.
The Airport Authority’s vision and mission will be achieved through prudent management of our airports, being more customer focused, more effective in the provisions of services, being a good employer and benchmarking against the best in the business.
Directors: Mrs Tatiana Burn (Chairperson)
Mr Richard Williams
Mrs Miimetua Nimerota
Mr Petero Okotai
Mr Teu Teulilo
Chief Executive: Mr Ranulf Scarbrough
Avaroa Cable Limited (ACL) was formed to operate and manage the Cook Islands interests in the Manatua Cable project. Avaroa Cable Limited is a Cook Islands limited liability company and the implementing entity for the Manatua Cable Project. The Manatua Cable Project will connect Rarotonga and Aitutaki to a submarine fibre optic cable. The Manatua Cable will connect Samoa and French Polynesia with spurs to Niue, Rarotonga, Aitutaki and Bora Bora. The project is expected to be completed in mid-2020. ACL’s vision is “to precipitate a transformation in telecommunication in the Cook Islands through the construction and operation of the Manatua One Polynesia Cable”. In the short term, this will secure affordable, fast, resilient and reliable telecommunications in Aitutaki and Rarotonga, with a longer term vision to play a leading role in “ensuring all Cook Islands have access to world class telecommunications services and that citizens, businesses, government and the third sector all maximise the opportunity the new connectivity presents”.
Directors: Mr Ian Karika Wilmott (Chairperson)
Mrs Mary Ann Mataiti Pirake
Mrs Vasie Ngatoko-Poila
Mr Marcel Tua
The Company manages the Banana Court commercial retail complex in Avarua.
Directors: Ms Jeane Matenga (Chairperson)
Mr Unakea Kauvai
Mr Michael Carr
Ms Olivia Heather
Ms Kirikaiahi Mahutariki
Mrs Rebecca Wood
Chief Executive: Mrs Vaine Nooana-Arioka
The Bank of Cook Islands (BCI) is a critical financial services asset for the Cook Islands with its vision as “full service bank for Cook Islanders” and its mission as “through business transformation delivering financial services that empower customers and promote social responsibility and environmental stewardship, which serves and inspires the people of the Cook Islands”.
The Bank of the Cook Islands Holding Corporation (the Corporation) was established under the Bank of the Cook Islands Act 2003 to assume all rights and obligations of the Cook Islands Development Bank (CIDB) and the Post Office Savings Bank.
The Bank of the Cook Islands Limited (BCI) was registered under the Companies Act 1970-71 in March 2004 with the objective of providing banking services throughout the Cook Islands. BCI is fully licensed as required by the Banking Act 2011 and operates in compliance with the requirements of the Financial Supervisory Commission Act 2003 and the Financial Transaction Reporting Act 2017.
Directors:Mr Alain Bernard (Chairperson)
Mr Michael Henry
Mr Philip Hermans
Mr Petero Okotai
Mr Mark Short
Mr Kris Van Nijen
General Manager: Mr Eusenio Fatialofa
The Cook Islands Government, through the Cook Islands Investment Corporation (CIIC), and Global Sea Mineral Resources (GSR) entered into a Framework Agreement in 2013 with regards exploration for and possibly harvesting of Polymetallic Nodules in the Cook Islands licensed International Seabed Authority (ISA) area and the Cook Islands Exclusive Economic Zone. Further dialogue ensued while GSR incorporated a branch in the Cook Islands (GSR-CI), and a formal JV Agreement (between CIIC, GSR and GSR CI) was entered into in July 2016. The JVC’s vision is to undertake science based exploration for deep sea minerals in an environmentally responsible way, where this creates a transformational shift to the Cook Islands economy, sound returns are returned to the shareholders, innovative technology is utilised and capacity is built within the sector for the future.
Directors: Mr Samuel (Sam) Crocombe (Chairperson)
Mr William Kauvai Snr
Mr Clive Baxter
Mr William (Bill) Ingram
Mr Timaau Mokoroa
Mr Geoffrey Vazey
Mrs Maeva Henry
Chief Executive: Mr Nooroa (Bim) Tou
The Cook Islands Ports Authority (CIPA) is a Crown owned statutory corporation established in 1995. The Authority’s vision is to “Provide Effective and Efficient Seaport Infrastructure to sustain Trade and Commerce”. The principal objectives of the Authority are to promote, encourage and operate a commercially viable and efficient business in the country’s supply chain and develop growth opportunities from its asset base which include Crown land and buildings, wharves, port facilities, tug boats, barges, plant and equipment, storage sheds and open storage space.
CIPA is the sole sea port services provider maintaining and operating the Port of Avatiu, the alternative Cruise Ship Tender landing in Arorangi, and the Port of Arutanga in Aitutaki. CIPA serves the cross-border supply chain needs of most of the Cook Island’s trade goods.
Ms Caren Rangi
Mr Malcolm Sword
Cook Islands Property Corporation (NZ) Limited is incorporated under the New Zealand Companies Act (1993). The Company owns the Consulate premises in Wellington.
Mr Michael Henry
Mr Tamarii Tutangata
Cook Islands Government Property Corporation is the owner of all shares in Cook Islands Telecommunication Holdings Limited. That entity is a holding company for Government’s 40% interest in Telecom Cook Islands Limited. Control of Cook Islands Telecommunication Holdings Limited rests with the governing body of Cook Islands Government Property Corporation.
Directors: Mr Mata Nooroa (Chairperson)
Mr Donald Buchanan
Mr Randolph George
Mr Stuart Henry
Ms Jessie Sword
Mr Duane Malcolm
Chief Executive: Mrs Lesley Katoa
Te Aponga Uira generates and distributes electricity to Rarotonga in accordance with its mandate under the Te Aponga Uira O tumu-te-Varovaro Act (1991). TAU is a critical key infrastructure asset for Rarotonga and the wider Cook Islands. TAU’s mission is to “engage suppliers and consumers to engage confidently, while embracing the benefits of new technologies that support a greener way of life for Rarotonga, the wider Cook Islands and its residents.” The primary function of Te Aponga Uira (TAU) is the provision of electricity to the people of Rarotonga in a reliable, safe and economical manner.
Over the past decade TAU has focused on developing generation from renewable solar energy sources. TAU also supports the Pa Enua energy infrastructure through the provision of technical advice to, Island Councils who provides electricity service to Pa Enua households and businesses.
Directors: Mr John Baxter (Chairperson)
Mrs Ine Challans
Mr Stephen Doherty
Mr Paul Henry
Ms Alice Hoff
Ms Janet Maki
General Manager: Mr Rimaroa (Long) Tuiravakai
Te Mana Uira o Araura (TMU) is a critical key infrastructure asset for Aitutaki (formerly Aitutaki Power Supply Limited). TMU’s vision is to “provide an efficient, reliable, affordable and sustainable electricity service for Aitutaki.”
Directors: Mr Brian Mason (Chairperson)
Mr Sam Tauei Napa
Mr Des Eggelton
Mrs Vaine Wichman
Mr Petero Okotai
Acting Chief Executive: Mr Tereapii (Apii) Timoti
To Tatou Vai Ltd (TTVL) was established in 2018 with a vision to have “a community-trusted supplier of water services” with a mission of “a reliable water supply that is safe to drink – improving the well being of our Cook Islands people”
TTVL has begun establishment as a Water Supply Utility for delivery of a potable and reliable water supply service (initially) in Rarotonga. TTVL is to ultimately assume responsibility for the Te Mato Vai (TMV) Project (Stages 1 and 2) assets, and incorporating the existing water and associated fixed assets of Infrastructure Cook Islands (ICI). TTVL is a state-owned-enterprise, currently a limited liability company, pending the passage and assent of enabling legislation expected in 2021.