Northport secures consent for major expansion
Port of Tauranga announced its associate company, Northport Group Limited, has secured resource consent for its planned expansion. The Environment Court has approved updated conditions for the project, which includes nearly 12 hectares of reclamation and a 250-metre wharf extension, along with associated capital dredging.
This approval, coupled with the recent acquisition of Marsden Maritime Holdings, provides a robust platform for the future growth of Northport Group and is expected to deliver substantial economic benefits for the Northland economy. Port of Tauranga's chief executive, Leonard Sampson, highlighted the opportunity for Northport to assume a larger role in the Upper North Island supply chain.
Construction timing is contingent on freight demand and the progress of a rail line extension to Marsden Point by the government and KiwiRail. Northport Group Limited is 50% owned by Port of Tauranga, with Northland Regional Council holding 43% and Tupu Tonu owning the remaining 7%.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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