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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
4 mins to read

PoT’s wharf consent ‘in the hands of the courts’

The company, which reported a 25% drop in its interim profit, has been trying to get consent to extend its wharf since 2019.

Render of Port of Tauranga’s extended port berth.

Key points
  • Revenue: Down 5.6% to $200 million.
  • Profit: Down 25% to $47.2m.
  • Key takeaway: The port company thinks it could start work on its much-awaited port extension in 2025, three years after it was supposed to be finished. 

NZX-listed Port of Tauranga still has no clarity on when it can start construction on its much-delayed berth extension.

The country’s largest port has been trying to get resource consent to dredge 1.8 million tonnes of seabed and extend its port berth to increase capacity since 2019 but has

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Nicholas Pointon Fri, 23 Feb 2024
Contact the Writer: nicholas@nbr.co.nz
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Key points
  • Revenue: Down 5.6% to $200 million.
  • Profit: Down 25% to $47.2m.
  • Key takeaway: The port company thinks it could start work on its much-awaited port extension in 2025, three years after it was supposed to be finished. 
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PoT’s wharf consent ‘in the hands of the courts’
Investment,
102875
true