Wednesday 1st July 2020
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Napier Port (NZX.NPH) today welcomed the Government’s announcement of financial support to bring forward the development of a new 12ha inland port south of Napier.
Through its infrastructure funding initiatives the Crown has approved in principle approximately $20m for the development of Napier Port’s inland port at Whakatu, situated between Napier and Hastings in the centre of Hawke’s Bay’s future industrial hub.
The Government funding, subject to further due diligence and contract negotiations, and combined with a contribution from Napier Port*, will fund the first phase of the development including: paving, the reopening of the neighbouring rail siding and potentially the construction of a cool store, cross dock or warehouse. See link for detail.
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