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

 


Board approves Tainui's Ruakura inland port designation

Board of inquiry approves Tainui's Ruakura inland port designation

By Pattrick Smellie

Aug. 5 (BusinessDesk) - Tainui Group Holdings and its partner in a massive land development proposal north of Hamilton are a step closer to turning earth following a draft approval to re-designate 800 hectares around Ruakura from rural to use for employment and residential purposes.

TGH and Chedworth Properties are planning to spend around $3.3 billion over a 30 to 50 year development project that will create an industrial park, new housing and an "inland port" transport hub to marshall growing freight volumes between the country's busiest sea port, Tauranga, and its largest city, Auckland.

"The decision is very pleasing," said TGH chief executive Mike Pohio. The draft decision from a board of inquiry appointed by Environment Minister Amy Adams is expected to be finalised mid-September and can only be subject to minor changes of detail following the six week fast track process used to assess the major development proposal.

"The plans include a logistics hub that will make Hamilton and the Waikato a more prosperous and better place to live, with the potential to generate over 10,000 jobs, and better utilise rail to take up to 65,000 truck journeys off the road each year," said Pohio in a statement.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Tubes: Tasman Global Access Cable Goes Live

Spark, Vodafone and Telstra have today announced the Tasman Global Access (TGA) cable is officially in service and ready to carry vast quantities of Internet traffic between New Zealand and the world. More>>

ALSO:

Theresa Does: Brexit Letter Sees NZD Touch Week-High Vs GBP On Brexit

The New Zealand dollar rose to a week-high against the British pound and euro after UK Prime Minister Theresa May officially triggered Britain's exit from the European Union. More>>

ALSO:

Statistics: Business Research And Development Up 29 Percent

Computer services and machinery manufacturing firms led the way in an almost 30 percent lift in business spending on research and development (R&D) in 2016, Stats NZ said today. Businesses spent $1.6 billion on R&D in 2016, up $356 million (29 percent) from 2014. More>>

ALSO:

China Shopping: NZ-China FTA Upgrade Agreed Among Slew Of New Deals

New Zealand Prime Minister Bill English and China Premier Li Keqiang signed off a series of cooperation deals spanning trade, customs, travel and climate change and confirmed commencement of official talks on an upgrade to the nine-year old free-trade agreement between the two countries. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news