Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Port essential for Auckland and the country

Media statement Tuesday, 9 April 2013

Port essential for Auckland and the country

Any decision not to let Auckland's port expand under its new plan is effectively a decision to close it down, the Employers and Manufacturers Association says.

"In the absence of an alternative, and there is none, the port at Auckland is essential for the city and for New Zealand,' said Kim Campbell, EMA's chief executive.

"We can't understand where those opposing it are coming from, with so many jobs at stake.

"Business and consumers need the port to expand its footprint modestly so it can re-organise its operations to allow it to become at least as competitive as the Port of Tauranga.

"But nothing will happen until the long running industrial dispute with the Maritime Union is settled.

"The port has said it will abide by the mediator's ruling on this and its time the union did likewise.

"Without the planned development all our northern ports will be full to capacity in short order.

"Tauranga couldn't handle the recent overflow from Auckland, and expansion at Whangarei is limited.

"Shifting the port elsewhere would incur costs of at least $4 billion plus back up infrastructure.

"Access to waterfront land is being satisfied by the Wynyard Quarter developments and they will soak up investment for the foreseeable future."


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Interest Rates: Wheeler Hikes OCR To 3% On Inflationary Pressures, Eyes Kiwi

Reserve Bank governor Graeme Wheeler lifted the official cash rate for the second time in as many months, saying non-tradable inflationary pressures were "becoming apparent" in an economy that’s picking up pace and he's watching the impact of a strong kiwi dollar on import prices. More>>

ALSO:

Scoop Business: Equity Crowd Funding Carries Risks, High Failure Rate

Equity crowd funding, which became legal in New Zealand this month, comes with a high risk of failure based on figures showing existing forays into social capital have a success rate of less than 50 percent, one new entrant says. More>>

ALSO:

Scoop Business: NZ Migration Rises To 11-Year High In March

The country gained a seasonally adjusted 3,800 net new migrants in March, the most since February 2003, said Statistics New Zealand. A net 400 people left for Australia in March, down from 600 in February, according to seasonally adjusted figures. More>>

ALSO:

Hugh Pavletich: New Zealand’s Bubble Economy Is Vulnerable

The recent Forbes e-edition article by Jesse Colombo assesses the New Zealand economy “ 12 Reasons Why New Zealand's Economic Bubble Will End In Disaster ”, seems to have created quite a stir, creating extensive media coverage in New Zealand. More>>

ALSO:

Thursday Market Close: Genesis Debut Sparks Energy Rally

New Zealand stock rose after shares in the partially privatised Genesis Energy soared as much as 18 percent in its debut listing on the NZX, buoying other listed energy companies in the process. Meridian Energy, MightyRiverPower, Contact Energy and TrustPower paced gains. More>>

ALSO:

Power Outages, Roads Close: Easter Storm Moving Down Country

The NZ Transport Agency says storm conditions at the start of the Easter break are making driving hazardous in Auckland and Northland and it advises people extreme care is needed on the regions’ state highways and roads... More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news