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

 

Scoop Business: Wheeler Downplays Scope For ‘Large’ Rates Fall

Reserve Bank governor Graeme Wheeler says some market commentators are predicting further declines in interest rates that would only make sense for an economy in recession, although some easing is likely to be needed to maintain New Zealand’s economic growth. More>>

ALSO:

Ruataniwha Dam: Consent Conditions Could Mean Reduced Intensity

Legal advice sought by the Hawke’s Bay Regional Council on the Ruataniwha Dam consent conditions has confirmed that farmers who sign up to take water from the dam could be required to reduce the intensity of their farming operation to meet the catchment’s strict nitrogen limit. More>>

Health And Safety: Bill Now Sees Rules Relaxed For Small Businesses

Health and safety law reform sparked by the Pike River coalmine disaster has been reported back from the industrial relations select committee with weakened requirements on small businesses to appoint health and safety representatives and committees. More>>

ALSO:

Bearing Fruit: Annual Fruit Exports Hit $2 Billion For First Time

The value of fruit exported rose 20 percent (up $330 million) for the June 2015 year when compared with the year ended June 2014. Both higher prices and a greater quantity of exports (up 9.0 percent) contributed to the overall rise. More>>

ALSO:

Interest Rates: NZ Dollar Jumps After RBNZ Trims OCR

The New Zealand dollar jumped more than half a US cent after Reserve Bank governor Graeme Wheeler cut the official cash rate by a quarter-point and said the currency needs to be lower, while dropping a reference to criteria that justified intervention. More>>

ALSO:

Drones: New 'World-Class' Framework For UAVs

The rules, which come into effect on 1 August, recognise the changing environment and create a world-class framework that accommodates ongoing development while still ensuring the safety of the public, property and other airspace users. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news