The first phase of $100 million of infrastructure spending by
Port Otago was announced yesterday. A contract has been
signed for a new $11 million tug, plus two container straddle
crane orders worth $2.5 million.
Two of New Zealand's best surfing breaks could be put in
jeopardy if Port Otago is allowed to go ahead with plans to
dump increased amounts of spoil from Otago Harbour, the
Surfbreak Protection Society says.
Port Otago has delivered a strong half-year to December
financial result and $2.5 million interim dividend to the
Otago Regional Council, forecasting expectations of an
up-to-20% boost in full-year before-tax profit.