POT 0.34% $5.90 port of tauranga ltd ordinary shares

Ann: ASSET: POT: Canterbury Intermodal Freight Hu

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    					POT
    13/01/2014 13:15
    ASSET
    
    REL: 1315 HRS Port of Tauranga Limited (NS)
    
    ASSET: POT: Canterbury Intermodal Freight Hub
    
    Port of Tauranga Limited announced today that it has signed a conditional
    agreement with the Selwyn District Council to purchase 15 hectares of land in
    the Izone Industrial Park at Rolleston for development as an intermodal
    freight hub. The Izone development is a 180 hectare industrial park 12
    kilometres south of Christchurch, with excellent road and rail connections,
    which has been established to cater for manufacturing, warehousing and
    logistics businesses.
    
    Port of Tauranga is planning to establish an intermodal freight hub to
    receive, pack and distribute containerised cargo.
    
    Port of Tauranga recently acquired a 50% shareholding in PrimePort Timaru and
    operates its container terminal. Establishing an intermodal freight hub at
    Rolleston will provide South Island exporters the option to efficiently
    access Timaru and similarly, importers in the Christchurch area will have the
    option to ship through Timaru.
    
    The Izone Industrial Park is owned by Selwyn District Council and managed by
    Hughes Developments Limited.
    
    For further details, contact:
    Mark Cairns
    Chief Executive
    Port of Tauranga Limited
    Ph: 07 572 8829
    
    http://www.port-tauranga.co.nz/Media-Room
    End CA:00245994 For:POT    Type:ASSET      Time:2014-01-13 13:15:42
    				
 
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