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

 


Port of Tauranga extends South Island reach with 15 ha site

Port of Tauranga extends South Island reach with 15 ha site at Rolleston

Jan. 13 (BusinessDesk) - Port of Tauranga, which acquired a half stake in Timaru’s PrimePort last year, has extended its South Island reach with the acquisition of land south of Christchurch it plans to develop as a freight hub.

The nation’s biggest export port has conditionally agreed with the Selwyn District Council to purchase 15 hectares of land in the Izone Industrial Park at Rolleston about 12 kilometres south of Christchurch, it said in a statement. The park is being developed for manufacturing, warehousing and logistics businesses and has “excellent road and rail connections,” it said.

The intermodal freight hub will receive, pack and distribute containerised cargo, the port company said.

“Establishing an intermodal freight hub at Rolleston will provide South Island exporters the option to efficiently access Timaru and similarly, importers in the Christchurch area will have the option to ship through Timaru,” the company said.

Port of Tauranga shares rose 0.5 percent to $13.80 and have edged up 2.2 percent in the past 12 months.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Brewing: Lion To Buy Cult Upper Hutt Brewer Panhead

Lion - Beer, Spirits and Wine (NZ), New Zealand's biggest beer maker, has agreed to buy Panhead Custom Ales from the family of founder Mike Neilson, its second such purchase of a popular craft brewer after the acquisition of Dunedin-based Emerson's Brewing Co in 2012. More>>

ALSO:

Half Empty: Fonterra's 2017 Opening Forecast Below Expectations

Fonterra Cooperative Group raised its forecast farmgate milk payout for next season by less than expected as the world's largest dairy exporter predicts lower prices will crimp production and supply will pick up. The New Zealand dollar fell. More>>

ALSO:

Pest Control: Mouse Blitz Team Leaves For Antipodes

The Million Dollar Mouse project to rid Antipodes Island of mice is underway with the departure of a rodent eradication team to the remote nature reserve and World Heritage Area. More>>

Gongs Got: Canon Media Awards & NZ Radio Awards Happen

Radio NZ: RNZ website The Wireless, which is co-funded by NZ On Air, was named best website, while Toby Manhire and Toby Morris won the best opinion general writing section for their weekly column on rnz.co.nz and Tess McClure won the best junior feature writer section. More>>

ALSO:

Pre-Budget: Debt Focus Risks Losing Opportunity To Stoke Economy

The Treasury is likely to upgrade its forecasts for economic growth in Budget 2016 next week but Finance Minister Bill English has already signalled that more of his focus is on debt repayment than on fiscal stimulus or tax cuts... More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news