Post-quake build announced for Lyttelton

Severely affected by the Canterbury earthquake of September 2011 and subsequent aftershocks, LPC’s presentation touched upon strategy, forecast growth, projects and challenges.

Utilising earthquake rubble, LPC has already developed 4.5 hectares of a consented ten-hectare eastern-end reclamation and unveiled new plans to extend to 30 hectares in total. In combination with a rebuild of the Cashin Quay Wharves, this area will form the long-term container terminal.

Cashin Quay will also ultimately be developed to facilitate such general cargo as logs, cars and fertiliser, while the eastern side of the inner harbour will accommodate cruise vessels on Gladstone Pier. The western end of the inner harbour is to be developed for public use, including a marina, ferry services and retail.

However, road access issues – particularly regarding Sumner Road and Norwich Quay – are yet to be resolved.

LPC also addressed other qualifications for delivering on its vision, namely insurance outcomes – given its ongoing battle on that front – as well as resource consents and if required, shareholder approval.