Business

Tauranga Harbor will invest in the future

Tauranga Harbor is embarking on the next phase of capacity growth to strengthen New Zealand’s global connectivity. After a year and a half of pandemic-related turmoil, the port plans ahead of time to maintain market access for importers and exporters based after the Bay of Plenty.

NSLeonard Sampson, Tauranga’s CEO, said three key initiatives have helped prepare the company for the future.

Leonard Sampson,
Chief executive officer,
Tauranga Harbor

The first to bear fruit is the inland port under construction in the Luakura Super Hub Logistics and Industrial Area near the center of Hamilton.Inland port is a 50/50 joint venture Tauranga Harbor And Tainui Group Holdings, the owner and developer of Superhub.

Inland ports will allow shippers to store and consolidate cargo for “large vessel” container services calling at Tauranga while avoiding bottlenecks. The first stage of 9 hectares will open in mid-2022 and will grow to about 30 hectares in future stages. There are two 800-meter railroad sidings on the East Coast Main Trunk.

Tauranga Harbor is investing in development for economic, social and environmental reasons, Sampson said.

“Superhubs and inland ports will help us leverage our existing rail network to provide better service to importers and exporters in the Auckland and Waikato regions,” he says.

Two other initiatives at Tauranga Harbor include expanding the capacity of the Tauranga Container Terminal by expanding the berth to the south of the existing pier and automating the adjacent container storage area with an electric stacking crane. increase. This development allows ports to increase capacity without expanding beyond their current footprint.

Tauranga Harbor has applied for resource consent for the Bath Expansion Project. The $ 68.5 million first phase will create an estimated 368 jobs throughout the construction phase and will create more than 81 full-time jobs after completion.

Sampson states that this project is nationally important. “It will bring urgently needed capabilities and resilience to New Zealand’s supply chain,” he says. “I hope the process of getting consent doesn’t take too long, but I hope we can quickly bring the capacity we need to our system.”

Meanwhile, the port is doing what it can to alleviate supply chain congestion.

The Covid-19 pandemic has caused widespread disruption to the international supply chain through a surge in consumer demand and disruptions in production cycles.

“We have been working with partners such as KiwiRail to increase the volume of cargo we can handle today. In May, we had 72 to about 92 train programs per week between Tauranga and Auckland. I was able to increase it to, “he says.

Sampson said a pandemic-inspired container ship building boom is underway, likely accelerating the trend towards smaller but larger vessels calling at New Zealand.

Large vessels have the advantages of high fuel efficiency and low carbon dioxide emissions.

“The largest percentage of carbon emissions in New Zealand’s container supply chain is related to the blue water of the oceangoing component of freight transport,” says Sampson. “Landside emissions from road or rail transport are total carbon emissions associated with container imports and exports.

“Tauranga Harbor is the only New Zealand port that can handle larger container vessels.”
Meanwhile, Tauranga Harbor continues to build relationships with customers, business partners and communities to ensure continued success.

“We are very proud of the wide range of benefits that the port brings to the Bay of Plenty. We have invested in community infrastructure, as well as work related to the port and other businesses.” Says Sampson.

More than half of the shares in Tauranga Harbor are owned by local toll payers. The company’s major shareholder is Keyside Holdings, the investment arm of the Bay of Plenty Regional Council.

Since the listing of Tauranga Harbor on the stock exchange in 1992, Keyside has received a total dividend of more than $ 905 million. Dividends paid by Keyside make up about 25% of the Council’s annual income.

Quayside has also used its stake to set up a $ 200 million infrastructure fund to help pay local assets.

Apart from dividends, Tauranga Harbor has invested directly in many community projects, including the construction of the Pilot Bay Promenade, the upgrade of Mauao’s walking track, and the installation of lighting at the Bay Oval Cricket Field.

Taking over the role of Chief Executive Officer in July 2021, Sampson looks forward to expanding partnerships that contribute to community well-being, including a new sponsorship of the 2022 National Jazz Festival Harbor in Tauranga. Is called.

“We provide our support to ensure that the festival continues to entertain and invigorate thousands of locals and visitors while bringing economic benefits to our region. I am very pleased. “

read more: Tauranga Harbor-New Zealand’s Largest International Cargo Gateway



Tauranga Harbor will invest in the future

Source link Tauranga Harbor will invest in the future

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