A NZ$63m provision to “invest in resilience” has been announced by CentrePort Wellington as it continues its recovery from the significant damage suffered in last November’s Kaikoura earthquake.
CentrePort Wellington has hosted its first regularly-scheduled containership caller since container-handling facilities were severely damaged in last November’s Kaikoura earthquake.
The cost of mending the damage to CentrePort Wellington from the Kaikoura Earthquake in November last year is expected to reach NZ$340m (US$246.7), the Greater Wellington Regional Council's (WRC) holding company has said.
New Zealand’s Building and Construction Minister Nick Smith has declared that design standards and building laws need to be reviewed following a recent technical investigation into the poor performance of a CentrePort Wellington building in last November’s earthquake.
Majority owner of CentrePort Wellington, the Greater Wellington Regional Council, has requested port management both document its further post-earthquake recovery plans as well as accommodate a longer-term view of potential redevelopment options.
Transport services are largely returning to normality in New Zealand following the 7.8-magnitude earthquake which hit the upper east coast of the South Island at 12.02am on November 14.
New Zealand North Island ports, CentrePort Wellington and Port Taranaki, have delivered contrasting performances in the financial year to June 30.
This year, CentrePort Wellington will lodge a 34-year consent to deepen its draft from 11.3 metres to 14.5 metres in all tides as part of a NZ$75m investment over three years.
COMMENT: Should local politicians be made accountable for the decisions made by their regional ports? It is an interesting question which is currently being debated in New Zealand, where all ports have either majority or 100% regional council ownership, often through a holding company, writes Dave MacIntyre.
The developer of the NZ$500m Industrial Port (I PORT) are expressing confidence the site, in conjunction with the adjacent MidlandPort operation of Lyttelton Port of Christchurch (LPC), will become the key transport hub for the entire South Island.
Port Taranaki has returned a comparable dip of 3.2% in net after-tax profit to NZ$11.37m and CentrePort Wellington a rise of 4.2% in net after-tax profit (prior to earthquake and fair value adjustments) to NZ$12.3m during the 2014-2015 financial year.
CentrePort Wellington has recently been rocked by both a 6.5-magnitude earthquake and being charged under the Health and Safety in Employment Act 1992.
Historic and recent stories of illness and even death among workers exposed to methyl bromide fumigation on the Wellington waterfront have been unveiled by The Wellingtonian.
A 47-year-old worker was killed at CentrePort Wellington when crushed between a forklift and cargo early on a Sunday morning in January.
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