Sharechat Logo

Auckland, Napier ports team up with Icepak for Palmerston North hub

Wednesday 13th August 2014

Text too small?

Ports of Auckland, Napier Port and storage and logistics group Icepak New Zealand have set up a joint venture to build an inland port and freight hub in Palmerston North.

The proposed $20 million development would transform the Longburn freezing works into an intermodal logistics and manufacturing hub, which would be connected to the main rail line, the companies said in a joint statement. Ports of Auckland said the initiative is part of a wider plan to build a cost-effective freight distribution network through the nation, and it plans to announce more developments.

"This places the port gate on the doorstep of the region's importers and exporters, creating opportunity for both and driving cost out of the supply chain," POAL chief executive Tony Gibson said. "Currently imports come south from Auckland but not much goes back."

The announcement comes more than a month after Auckland's rival Port of Tauranga announced a freight deal with the Fonterra Cooperative Group and Silver Fern Farms-led logistics company Kotahi, which resulted in it winning a slot in Maersk's Southern Star service from Ports of Auckland.

Icepak already owns the brownfield Longburn site, and will start work to link it with an existing cold store it owns on site.

"With well-developed rail and road connections to other centres, good infrastructure and plenty of space to grow and locate supporting industries, we think it's a winner," Icepak chairman Wayne Grattan said. "Development of the hub enables the clean-up and reuse of a brownfield industrial site, with extensive recycling of the old building materials into the new development."

The joint venture is in talks with KiwiRail to finalise the state-owned rail operator's services.

 

BusinessDesk.co.nz



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

MARKET CLOSE: Blue-chip stocks Meridian, A2 lead market lower
NZ dollar rises on Brexit hopes, rate cut reassessment
Three not failing, just needs a new owner - MediaWorks CEO
Major investors back new CBL class action targeting directors
Rip Curl purchase a done deal on Kathmandu proxies alone
Comvita chair Neil Craig eyes the exit once he finds a new CEO
Mercury raises guidance on increased storage, high spot prices
Eroad reports strong 3Q sales growth, eyes ASX listing
MediaWorks puts TV business on the block
NZ dollar benefits as preliminary Brexit deal improves risk appetite

IRG See IRG research reports