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

 

Ports of Auckland welcomes rail investment

Ports of Auckland welcomes rail investment

Ports of Auckland today welcomed the Government’s decision to fund the expansion of a key freight and passenger rail line through Auckland.

The Government announced today it will invest $100 million to build the ‘third main’, adding a third rail line to the North Island Main Trunk Line between Westfield and Wiri, in Auckland. This section of line is heavily used by both passenger and freight trains.

Although this line does not link directly to Ports of Auckland, it will add capacity and flexibility in a key section which will improve rail access from our Waitematā sea port to our inland ports at South Auckland, Waikato, Manawatu and the Bay of Plenty.

This new investment will facilitate greater use of rail - both for freight and passengers - helping to reduce congestion and make the supply chain more efficient and sustainable.

Over time, Ports of Auckland would like to see further investment in rail, particularly the addition of a fourth main line in the Westfield-Wiri section along with capacity and access enhancements on the Eastern Line to the Waitematā sea port.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>

ALSO:

Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>

ALSO:

Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>

ALSO:

Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>

ALSO:

Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>

ALSO: