Port of Tauranga's purchase of half of PrimePort Timaru will pay off for exporters. Photo supplied.
Port of Tauranga has shown its cards over its move to take a
50% shareholding in PrimePort Timaru, with the purchase of
land at Rolleston to develop an intermodal freight hub.
Yesterday, Tauranga announced it had signed a conditional
agreement with the Selwyn District Council to buy 15ha in the
180ha Izone Industrial Park, 12km south of Christchurch, to
receive, pack and distribute containerised cargo.
In what was a surprise move, the company recently acquired
its almost $22 million stake in PrimePort and operates its
Establishing the Rolleston hub would provide South Island
exporters the option to efficiently access Timaru and
similarly, importers in the Christchurch area would have the
option to ship through Timaru, Tauranga chief executive Mark
The Izone Industrial Park, which has been established to
cater for manufacturing, warehousing and logistics
businesses, is owned by the Selwyn District Council and
managed by Hughes Developments Ltd.
Selwyn Mayor Kelvin Coe welcomed the announcement, saying it
was likely to make Izone an ''even more attractive'' option
for businesses looking to set up in Canterbury, expand, or
find a site for new premises following the earthquakes.
The proposed purchase had the potential to bring a lot more
businesses and jobs to the region and to the Selwyn district
in particular, he said.
Hughes Developments director Robin Hughes said Izone had easy
access to both Lyttelton and PrimePort.
The proposal would give exporters and importers an important
additional port option for their businesses.