|Ports of Auckland to develop freight hub|
|Thursday, 11 February 2016 12:54|
Ports of Auckland Limited announced today that it has signed a conditional agreement to purchase 0.33 square kilometres of land at Northgate Business Park for development as a freight hub.
The site is located at Horotiu, eight kilometres north of Hamilton in an area with growing manufacturing, warehousing and logistics businesses.
“This is a strategic purchase, which will be developed over a number of years,” said Ports of Auckland Chief Executive Tony Gibson.
“Establishing a freight hub in the Waikato is a central part of our supply chain strategy as it is one of New Zealand’s fastest growing areas and a major freight generator. Waikato will complete our North Island freight hub network, complementing our existing sites in the Manawatu, Bay of Plenty and Wiri, South Auckland.”
The freight hub network has been designed to balance freight flows around the North Island of New Zealand and to reduce the unnecessary movement of empty containers. Ports of Auckland said this would reduce the cost for importers and exporters.
Gibson added, “Better international freight links will also benefit the region, encouraging additional investment in the Waikato and greater employment opportunities.”
Over the next few years significant investment will be injected into the project’s surrounding area, initially to establish road and rail connections.
Ports of Auckland is now working through the conditions attached to the sale and is aiming to complete the deal by March 31.
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