This contract renewal process would continue, with perhaps an increase in the length of additional contracts, not to exceed ten years, as a reward for continued successful performance.
The searcher raises initial capital from investors to fund his search (average length: 18 months) and then returns to those investors seeking additional capital for an acquisition once he finds a suitable target.
Recreational cycling was already on a roll, when in 2009 a 50 million New Zealand dollar government fund was established to create a continuous touring route running the length of the country, supported at a grass roots level by an additional 50 million New Zealand dollars offered up by councils and local organisations.