New Zealand port to undergo $30 million expansion
Port of Tauranga announces NZD 30 million expansion project
Port also announces increase in half year profits and handling figures
The New Zealand Port of Tauranga has announced plans to start on a NZD 30 million expansion project that will enable the port to accomodate larger container ships in the future.
The port also released the news of company profit figures that saw a 23 percent rise in the 6 months leading up to December 31st 2010, over the same period for 2009.
The 2 year long expansion project will begin in the middle of this year and add a 170 metre extension to the wharf at Sulphur Point. The company stated that they have already received resource consent for the project.
The Sulphur Point wharf decision was announced today as part of the Port of Tauranga’s record half yearly result.
Figures released on the Port of Tauranga website also showed an 18 per cent increase in trade volumes, with exports up 13 per cent and imports up 29 per cent on the corresponding period last year.
Notable cargo increases included; fertiliser up 150 per cent, stock feed supplements up 74 per cent, log exports up 15 per cent, and container numbers up 23 per cent.