Does anyone have any opinions about MMH should Winston Peters port relocation plan from Auckland to Northport gain traction? I know it would be a longterm project.Are we looking at another POT?
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Does anyone have any opinions about MMH should Winston Peters port relocation plan from Auckland to Northport gain traction? I know it would be a longterm project.Are we looking at another POT?
Winston's port relocation bribe, was solely to get himself re-elected in Northland,and Shane Jones elected in Whangarei.
Neither happened,or will ever happen,so the port relocation is dead in the water.
This years election will be the last time imo that NZF goes to the trough.
Would need some imagination and vision by multiple parties.
Imagine Auckland without much of a port. All that heavy traffic gone. A downtown stadium. Residential development all the way along the water front. All sorts of public access to the waterfront. A really nice cruise ship terminal. Wouldn't it be great ?
Would transform Auckland.
Imagine how much an active port would help Northland. A decent freight railway between Northport and Auckland / New Zealand.
Would transform Northland.
Not sure that it will all stack up in dollars and cents, how do you measure the social improvements ?
I hold a few, as always wish I had more, the dividend yield has been wrecked recently....not sure if I am happy or sad !
Cheers
RTM
While there are certainly some benefits to moving the port there are also a number of costs - including the headache of getting all the exports and imports to and from Northland by road and rail, the disruption to lives of many port workers who would be faced with a choice between uprooting themselves and their families and finding new jobs, the considerable environmental impact in Whangarei and the large number of dollars required to make it happen.
MMH should continue to do well regardless but the share price is now pricing in quite high growth expectations.
http://www.radionz.co.nz/news/politi...rthland-peters
"The pledge is a cast iron commitment, he said, but was conditional on his party being in a pivotal position after the elections and voters in Auckland and Northland needed to adjust their ballot, he said."
972,000 containers were off loaded in Auckland last year all of that will have to be transported down to Auckland, at whose cost?
For the cars alone that were offloaded in Auckland last year there would be a carhauler travelling through Wellsford every 6 minutes each and every day so those cars can get to the distribution market and onto car yards, who pays ?
IMO Winstone is a nightmare waiting to happen, IMO Winstone is a w@nker !
Ask Northlanders if they would be interested in a transport solution which removes a large number of logging trucks from their roads.
As I said in a post in the elections section the cost of building a rail spur line to the port is minimal when compared to Nationals grandiose road building plans.
Boop boop de do
Marilyn
Yes very sensible and practical and at minimal cost .
Yeh right $2,000,000,000 (BILLION) cost for 150 jobs, great business plan Winstone !
The economics of shifting the port from Auckland to Northland are actually very compelling. Just the savings from shifting all those trucks off Auckland roads and the motorway alone has been estimated to be in the billions of dollars in building new roads and maintaining existing roads, relieving traffic congestion and logistics savings.
Remember that there is already an Auckland inland port in Otahuhu which receives containers and goods by rail and trucks, and trans-ship to other parts of Auckland and North Island - saving hugely on transportation time and cost. Hamilton is looking to build an inland port for precisely the same reason.
Not too difficult to build an upgraded rail link as there is already one in place.
an article on the subject. http://www.stuff.co.nz/auckland/loca...g-in-whangarei
Might not be overly difficult to get a spur line out to Marsden point but the real issue lies in how to get the freight thru West Auckland. To get the logs off the road a fair amount of work will need to be done on the mothballed line north of Whangarei too so a bit of infrastructure dollars needed. Not saying its a bad idea but if you are going to bring ports of Auckland to Ruakaka its not really an either or decision, both roading and rail are required.
There are no logs exported from Auckland port so trucks will continue to be used to move logs to Northland port from the northern regions (as is the case now).
The issue is really the containers and cars - absolute madness to have the trucks and car carriers congesting Auckland roads and motorways as they currently are, and will continue to do so until the port is relocated.
For me, a rail link system(freight and passenger) to Whangarei should also shift the dynamics of economic growth away from an Auckland bursting at the seams (especially re affordable housing) to the less populated Northland region where land is a plenty but economic growth and opportunities have been limited.
YEH RIGHT , ship all of Aucklands 972,000 import containers last year to Marsden Point then truck them down to Auckland for distriubution then truck the 972,000 ones for export back up from Auckland to Marsden P , never mind the carbon pollution that double handelling cost forget about the planet all that for how many employees, 150, great business plan and that ontop of the car haulers at one every 6 minutes, as do your sums how many trucks is this on the poor Northland Roads , forget about the traveling public they can move to the S I , its a wonder that Winstone hasn't made that as a bottom line.
P S , just done the sums, so O K , 60 minutes/hour X 24hrs /day X 6 days / week x 52 weeks = 449,280 ( minutes / year ) .
972,000 containers last year allow for say 5% growth for this year .
972,000 containers divided by 449,280 minutes = that's one container passing through Wellsford every 2 minutes 16 seconds and that is not counting the export containers heading north, or the cars that are imported on car haulers also heading north and south !!!!
Not sure which part of rail system you cannot comprehend but here's something for you to further comprehend - a train can haul 100 TEUs along the dedicated rail line.
So on your numbers, get your mind around how wonderful it will be to take all those trucks off the road!
You can understand why the Trucking Association has come out, all guns blazing and trying to shoot down the proposal?
Do you know the state of the rail in northland , 50 years of neglect not to mention the tunnels and the tracks that need to be widened and up graded by whom the N Z govt ( people ) or the Rail Corp.
Read the study that was prepared on this subject 2 years ago !!! dooooooough dumd imo another w@nker winstone decision.
P S when was the last time you guys/guysses sent anything by rail ?
Of course you have priced in the estimated $2 billion annual cost that Auckland congestion causes the NZ economy. Of course you have considered that some containers go north from Auckland and vice versa.. Of course you have considered that some containers can also go to Tauranga
Of course you have considered that abusive posts such as yours, cause well- respected posters on this forum to leave, to the detriment of the quality of the forum.
Where are the real figures the congestion costs the Auckland economy $2 billion per year , that was a throwaway estimate that everyone has been hanging their hats on for years?
Most of the nortland rail system is single track after its leaves Swanson, then there is the massive problem of the Swanson tunnel , have a look at that one,
Double tracking from Swanson to the Marsden P is one massive investment , regrading and reforming, widening the track for double tracks, refencing, then there is the issues of double widening of the tunnels that are required, the list goes on !!
https://www.stuff.co.nz/business/973...icy-would-cost
Of course it is going to cost - just as the waterview tunnel cost $1.6 billion.
NZ and Auckland in particular need to start thinking long term - rather than the usual panic plan and ad hoc implementation of solutions to resolve capacity problems. Best example - housing crisis which has resulted in a land rich region like Auckland pricing a small piece of dirt (380 sq meter) at $1 million?
Just been to China and it is amazing to observe how they can build super infrastructure there - fast, efficient, long distance, quick and with reasonable cost.
Goods (including containers by the squillions) are freighted by train all across this vast country - on new railway lines - and in the future, all over continental Asia and Europe.
How pathetic that in NZ, a relatively short railway line (with land already set aside and basic infrastructure in place) can cause so much angst and howls of outrage. Or are we hearing the desperate anguish cries of vested interests (freight companies, Ports of Auckland executives etc) trying to stop a project which will bring huge long term benefits to Auckland and Northland?
http://www.nzherald.co.nz/northern-a...ectid=10962922
For those who are interested, the Northland Port proposal was one which was properly assessed and obviously championed by the Northland Council and obviously, Northland Port - way back in the 2000s.
The logic and economies of doing so were so profound that Ports of Auckland promptly moved to take a 20% shareholding in the company.
Here's hoping that Winston keeps his promise and Auckland gets rid of that ghastly waterfront dominated by cranes and the most expensive carparking facility in the world. Time the self-interested visionless directors and management of POA get booted out.
certainly could make the waterfront aucklands jewell in the crown; without the port there they could have an amazing thriving waterfront magnet for all and even nz's variation of the sydney opera house, maybe shaped like a giant standing opened bivalve paua shell shape with all the polished irridescent colours on the outside.;;
So many wonderful things can be done with an awesome harbour like Auckland - just go to other cities like Sydney, Vancouver, Hong Kong, Lisbon, Stockholm, Baltimore etc where ports have been relocated and the port area redeveloped into living, thriving, vibrant and beautiful areas available to all citizens.
Auckland port is simply the biggest disgrace in the world - a beautiful harbour blighted by self interested individuals with no vision and no motivation beyond keeping their jobs and racking in the salaries.
Go Winston GO!
Balance, I lived in Vancouver for 5 years and the port is still where it has always been.
So if the port is moved to Northland who gets the $50 mil that the Ports of Auckland generates for Auckland , afterall the POA is owned by the Auckland Council, will they sell it to someone ( Nthland Council/Ports/public ) and if not then does the Port of Northland do all of the infrastructure that is necessary for free and they also run the port for free ?
The current working port brings a working excitement to this city .
Working excitement:eek2:. No matter how you spin it the bottom of Queen st is rather dog like where the port is.It is an amazing opportunity to make the edge where the land meets the sea an amazing invigorating truly exciting place to hang, shop , spend, be entertained , informed and eat. What have you got a sky tower that looks the same all around the world; dismal!. This is a chance to make something special and unique and put Auck on the map of excitement, culture and modern civilisation. The port has long outlived its usefulness here unless you are turned on by repetitive metal containers and straddle cranes imo.
Josh, Last time I looked Auckland was already on the map of excitement etc , its even on a world map so nothing new there, putting Auckland of the map is a pathetic statement just the same as the Auck Council saying that they want to make Auck a world city, it already is !
Use your imagination and come up with something else if you like but you left out excitement, culture, and modern civilisation. Id also add leading edge; unique NZ architecture like the paua idea. If you think the sky tower of which versions are all around the world is exciting and unique and kiwi , well , more creativity is needed imo. We want something NEW down there in Dockland.
What ever way you slice it the financial case/model just does not stack up for moving the POA from its present site, however attractive the other considerations may be, that are the facts nothing more nothing less , end of story.
Just the beginning of the story imo; ask winston.
This is Winstons last term he has already said that , so wait till the next parliament and change the legislation again , so simple
IMO as a former politician said man " is like the Easter bunny, chocolate on the outside and hollow on the inside", imho not very flattering .
As globalization continues and the unit cost of freight goes down there will be more and more stuff crossing New Zealand's wharves.
Think of the development of North Port as a relief valve for the crowded Auckland Isthmus.
Back when I was a pimply faced youth I can remember another rail line that was teetering on the brink of usefulness, the Main North Line which ran from Christchurch to Picton. It had one train a day each way mockingly called the Cabbage Train by the locals.
Then the roll on roll off Cook Straight rail ferries were introduced and trains and tonnage on this line increased substantially.
I reckon the building of a spur line from the North Auckland Line to Marsden Point will have a similar positive effect as the rail ferries.
Even if their effect is confined to reducing transport bottle necks on the Isthmus the small cost of doing this compared with Nationals roads of significance make it a risk worth taking.
There will be enough business to go around. I am sure the ratepayers of Auckland would welcome operating surpluses from their Port being paid to the Council rather than being retained for developments to accommodate continual increases in business
Boop boop de do
Marilyn
I wonder what happens to this stock now ? Has steadily increased over the time I've held it (July 15).
Hope its not a three year study to see if its viable...although that was something I would have picked for a NZ First / Nats coalition.
http://www.nzherald.co.nz/business/n...ectid=11921479
The cost to implement a rail network to move freight from Northport through to the south of Auckland has been estimated at more than $2.5 billion.
A representative from the state-owned enterprise KiwiRail outlined the costs at the political rail forum in Whangarei on Monday night. (11/09/17). The forum was organised by Grow Northland Rail and attended by about 150 people.
KiwiRail's Dave Gordon took an apolitical stance as he broke the cost down into three sections.
He said to get the North Auckland line up to scratch, tunnels, bridges, passing loops, a stretch of rail and the radio systems would need to be upgraded or replaced.
He said that would cost about $100 million. He said legacy works would cost another $200m over 15 years.
Mr Gordon said the link to Northport would be about $200m.
http://www.nzherald.co.nz/election-2...ectid=11920629
https://www.stuff.co.nz/national/pol...ts-of-auckland
Well, looks like the deal is going ahead.
$500m rail upgrade to start the process so that those wretched cars & the most expensive carpark in the OECD can be shifted north first and then, the container operations from Auckland to be moved.
Going to be boom time for Northland ahead.
You know it is going to happen when the road freight operators panic and start talking nonsense like this :
"David Aitken, Chief Executive of National Road Carriers, says at least eight years of consultation and planning would be needed before construction work required for such a project could even begin".
While the money seems huge...when I compare it with the EW Road Link, close to 2Billion. well, that seems to put it into a better perspective. And the benefits for Northland, Auckland and therefore NZ, seem huge. Would be great to see us building this kind of infrastructure to take the country forward.
https://thespinoff.co.nz/auckland/08...st-connection/
Be interesting to see what happens today as the market digests that nz first now had pretty much all the key portfolios to improve the infrastructure link from Northport to Auckland if this is what Winston decides is a priority. I presume some of the $1b/yr regional development fund could also be used. Disc new holder
Q as the POA is owned by the Auck Council ( and the Auck rate payers ) who will pay them for the company and how much what will it cost to shift the POA to Ntlkand Port and if they wont be paid then this will finish up in court for years.
So say 2.5 Billion to buy POA out and another 1 billion to set up the new port , carbon cost of moving that freight back to Auckland, upgrades of rail-- tunnels bridges widening rail corridor, then there is the freight costs of car moveal and not forgetting the capital costs of bigger and more powerful trains rolling stock , spares and train repair facilities.
NO BRAINER , it will not stand up as a business study, nice try ****er Winston!
MMH is 19.9% owned by POAL, and with POT owning 50% of Northport I'm not sure that the govt will want POT to have that much control over shipping in the North Island. So I can see them forcing POT to give up a chunk of its shareholding to POAL so they have a majority with the money coming from the sale and development of the existing POAL site.
Properly costed, a study will show that NZ taxpayers and road users are subsidizing container and other bulk carriers (including auto vehicles) billions of dollars as these uneconomic forms of transport (vs rail) cause maximum damage to the roading infrastructure, and require more and more roads to ease traffic congestion.
Ever see how many tires there are on a container carrier - 18 for a small container and 24 for a large container carrier! Just imagine the wear and tear on them, and in turn on the roads.
Then, there's the cost of traffic congestion - another billion dollar savings.
Thing is, the trucking association know that they have been having it really good and that's why the industry has grown and grown.
Cut off one of the main suppliers (POA) and watch Auckland and surrounding area traffic ease up.
That alone is good enough reason to shift POA to Northland.
Think long term.
There has already been at least eight years of consultation and planning and the rail corridor was designated in 2009.
https://en.wikipedia.org/wiki/Marsden_Point_Branch
By August 2006 both the Northland Regional Council and ONTRACK had entered into talks with interested parties.[5] The result of these talks was positive and in August 2007 the Council began work to purchase land for the proposed route.[6] ONTRACK subsequently confirmed that once the land is acquired it will designate the route as a rail corridor.[7] On 27 November 2007 ONTRACK and the Council confirmed that they were entering into a joint venture arrangement to progress the land designation process and share the costs of land acquisition.[8] A commitment to build the line will be made once the corridor is designated.[3]
In late 2008, ONTRACK served a notice of requirement to Whangarei District Council for the route's rail designation, seen as an important legal step towards the eventual line.[12] This process began in January 2009[13] and was completed later that year.[14]
https://www.youtube.com/watch?v=LwAddS9snas Grow Northland Rail meeting 11/09/17
Where are the results of the study into the economic benefits? We can't make decisions based on what we think or feel, we need objective facts for which there are very few at present.
If a cost-benefit analysis proves Northport to provide economically more beneficial than the other options then it should proceed, but before pouring billions of dollars in infrastructure development and compensation payments to the Auckland Council, we need proof that this is the right decision. That is the most concerning part of all of this.
http://www.nzherald.co.nz/nz/news/ar...ectid=11934908 21 Oct, 2017
The Marsden City development has been sold to a New Zealand buyer.
And with Winston Peters in the thick of government after promising to bring new port work to Whangarei, the acquisition could be perfect timing for the new owner.
The 83ha Marsden City development, just off State Highway 1 was put up for sale in 2015 after companies behind the scheme - North Holdings Development, NH Infrastructure and North Holdings Investment - were put into receivership.
http://www.nzherald.co.nz/property/n...ectid=11481962
I state my opinion ("a study will show") which will be confirmed by the feasibility study.
Better than all the misinformation being fed to the media and public by the trucking industry and POA to try and stave off the inevitable.
Note how quickly POA came out to say it will not reclaim any more land into the Auckland harbour though after Winston made his view clear?
About time there was a railway to the port.
http://www.nzherald.co.nz/northern-a...ectid=11937116
A $500 million-plus upgrade of rail to Auckland, a $150m-plus rail spur to Marsden Pt, and the possibility of moving Ports of Auckland work to Northport - new Forestry, Regional Economic Development, and Infrastructure Minister Shane Jones has promised major economic development for Northland.
Mr Jones said proposals for funding would go before a panel of public sector and private sector experts for approval, but there was already one project that he had given the go ahead to.
"The first cab off the ranks is a new wharf for Opotiki, in the eastern Bay of Plenty, that plan's been around for 10 years but hasn't got the funding. We will make that happen and it will allow economic development and tourism opportunities there."
The facts of the matter are this re the shifting of the POA to Northland, IF, that ever happened and the land that is occupied by the POA was vacated then it would most probably be claimed by the Orakei Maori under a treaty settlement claim and given to them by this stupid government thus negating the reason of shifting the POA in the first place, all for nothing!!
POA is not a government entity and there is no provision under the treaty for non-government land to be taken over - unless it is bought by the NZ government and returned to the Maoris. That is a different argument to be had.
A workable deal will be for POA to take over Northland Port for say, $250m with another $1 billion for developing the port into a world class container port and yes, car park. Government will take care of the transport infrastructure to Auckland and Hamilton inland port from funds freed up from building yet more roads to accommodate ever more trucks tearing up the roads with their 18 to 24 wheels.
The shelving of the motorway link through Onehunga has already freed up $1.8 billion.
POA can raise the $1.25 billion easily by selling the freehold (yes, freehold) of the waterfront land to developers to build world class facilities for business, entertainment, leisure and housing.
Auckland gets to keep the $50m a year earnings so alarmingly highlighted as 'lost' if the move happens, as Northland Port will deliver earnings.
Always been a question of political will and getting rid of vested interests - directors and management of POA want jobs for life, a law unto themselves. Witness how quickly POA has backed off caliming more waterfront land to build more FREAKING CARPARKS!
Double reinforcing the inevitable : http://www.radionz.co.nz/national/pr...illion-upgrade
The beginning of the revival of Northland and Northport.
The land that MMH is sitting on around the port - going to be substantially revalued upwards in the years ahead.
Another one to watch on that note is NZR as they also have a large amount of land outside of the refinery fence.
Bal, that does not really matter to the Maori, they have laid claim to the land that the Gladstone Rd tennis Club land , they don't care who owns what its all land to them and they can tie it up for years in the courts, IMO they will do the same for the POA if there is a 5% chance of success and the coalition Govt cannot do anything about it, talk about a wasps nest !
The land the tennis club is on is owned by the Crown:
http://www.stuff.co.nz/auckland/loca...ooks-uncertain
And the Iwi claiming say they have an historical association to that piece of land and it was promised to them in 1842. That may or may not be the case, but the POAL land is all reclaimed, so no chance of any historical attachment to it by Iwi.
http://www.nzherald.co.nz/northern-advocate/business/news/article.cfm?c_id=1503446&objectid=11946270
“New Northland haul-out ramp and hardstand at Marsden Cove Marina opens
Operating six days a week, the Marsden Maritime Holdings-owned haul-out ramp can accommodate vessels up to 12 metres wide to a maximum length of 35 metres and maximum weight of 80 tonnes.
"Lack of capacity in Auckland boatyards is a really big issue," said Marsden Maritime Holdings chief executive Graham Wallace.”
http://www.nzherald.co.nz/northern-advocate/news/article.cfm?c_id=1503450&objectid=11947647
Northport has released ''a conversation starter'' about the possibility of nearly doubling the size of its Marsden Point facility.
The port company's vision will not become a fully formed or even a formal proposal without testing the water for public, business and local authority approval, chief executive Jon Moore said.
''This is not yet a proposal, it's a vision we're putting up for community feedback,'' Mr Moore said.The vision comes as the Government explores the possibility of moving Ports of Auckland work to Northport, but it is not part of that work.
A bigger Northport would not compete with Ports of Auckland but enable Auckland to stay in its current form, he said.
http://www.scoop.co.nz/stories/BU180...ional-fund.htm
Northland and Northland Port - cannot but be big beneficiaries of the $3 billion regional fund.
http://www.nzherald.co.nz/northland-...ectid=11994928
Not a question of if, but when - then, all that lovely land around Northland Port will come into play.
Nice to see. Less trucks on the roads. Less cost for KiwiFruit growers. Baby steps I know.
http://www.nzherald.co.nz/northern-a...ectid=12037434
All thinking people will agree with David I am sure...
https://www.nzherald.co.nz/northern-...ectid=12051235
Cheers
RTM
They should just get on and build the rail branch to the port.
I know a build it and they will come justification causes some doubt but in this case I am confident if they do build it they will come.
This is the sort of thing Shane Jones's provincial growth fund should be used to provide seed capital. Bonus for Shane is the nephews can get jobs building it.
Boop boop de do
Marilyn
https://www.nzherald.co.nz/business/...ectid=12200122
"Port companies and their owners are bracing themselves for radical recommendations — including a potential nationalisation of two or more industry players — to give effect to proposals to remove Ports of Auckland from the city's waterfront."
I'm a little surprised that MMH didn't move upwards after 2pm today's CGT announcement today.
As outlined in the article below, NZ First is wields a lot of power within the coalition. Does this make it more likely that the NZ First policy of relocating the Ports of Auckland to Northland will happen?
https://www.newsroom.co.nz/2019/04/1...elds-the-power
The main issue is that the northern rail line needs a fairly substantial upgrade, my understanding is that it passes through a number of tunnels, none of which are big enough to cope with containers. So that's going to be a multi billion dollar job. They need a rail spur to Marsden Point but that's already been confirmed as happening. Otherwise once you've done that work you basically just bring everything down via rail to Wiri and distribute from there.
https://www.stuff.co.nz/business/opi...ds-robust-case
https://www.stuff.co.nz/business/112...ing-group-told
First part of Report released on what to do with upper north island ports.
Basically, huge investments in infrastructure needed - specifically rail.
Second & third parts will move into recommendations.
Interesting times ahead but don't hold your breath - Winston Peters has just broken his promise to be the first into the Pike River Coal mine.
https://www.nzherald.co.nz/business/...ectid=12227376
The grubby little political Missy (conning NZers with shams and scams in Kiwibuild, Shane Jones & CGT) could very well decide to properly back this one and cement in Winston's legacy too?
Mono, Not to forget that the rail will have to be double tracked , tunnels, bridges cuttings el al.
Phil Twit was the one that said the rail link cannot be extended past Waitakere for Auckland commuter trains because the track needed massive upgrading, the same could be said for the whole of the Nth Auckland line.
Now that I am Northlander and holding a few MMH shares and while enjoying a winters day, I've been paying a bit more attention to what is going on in Wellington.
A couple of links attached, the second one to the first report which is "interesting" reading.
https://www.transport.govt.nz/multi-...hain-strategy/
https://www.transport.govt.nz/assets...tegy_Final.pdf
A few snippets....might be to many ?
"Our view is that Port of Tauranga capitalised on the public infrastructure provided to the Bay of Plenty region which subsequently has made the port a success. We will therefore be considering whether similar investment in Northland would provide similar results for the region and Northport. "
"Ports of Auckland occupies 77ha on the Auckland waterfront. Its current location is generating concerns of social licence and prompting public debate about whether there are better alternative uses for its land. "
"While Ports of Auckland reports a lower tax rate of 10.2%, investigations show this is artificially lowered through its access to the tax losses of a fellow owned council subsidiary, which has allowed Ports of Auckland to appear more profitable than it otherwise would. The impact of this accounting treatment will need to be reviewed as this option is not available to other port owners and may be a perverse incentive."
"The Ports of Auckland reports that the 77ha, on which it sits, has a book value of approximately $735m ($955/sqm), ……"
and
"Ports of Auckland reported land value of $533/sqm is lower than that of comparable industrial land in the Auckland Central Business District. In recent times, neighbouring land sales have been between $2500/sqm and $7500/sqm giving total land values between $2bn and $6bn, based on best alternative use. This represents an approximate return of between 0.8% and 2.5% to shareholders. Considering the dividend of around $50 million paid to Auckland Council each year9, although more work is required to confirm this, this calculation does suggest a potentially hidden subsidy. This excludes the massive social, cultural, environmental and economic value that would be created by transforming this property into a globally iconic waterfront. "
"Stakeholders provided examples of current issues with the rail network including:
The lack of rail connection to Northport (Northport and Nelson are the only ports in New Zealand without a rail connection)
The North Auckland line between Auckland and Whangarei has a number of issues.
For example, while other lines have had improvements to their tunnels over time, many of the tunnels on the North Auckland line remain too low to accommodate, industry standard, high-cubed containers.
The Northland rail network has had no capital investment for the last few decades and has been in a managed decline.
Lack of an East to West rail corridor in Auckland
Some cited issues with the Auckland rail network arising from the fact that freight needs to compete with passenger services.
The risk to Port of Tauranga arising from its reliance on the rail line through the Kaimai tunnel."
"We believe that the success of Port of Tauranga and smaller investments such as the relocation of the port from Whangarei to Northport were as a result of strategic vision rather than detailed business cases which have difficulty anticipating and valuing the mulit-generational benefits crated by catalytic infrastructure. Much of the infrastructure in New Zealand today was also justified on the basis of vision rather than business case. There is a need to be deliberately strategic in developing and evaluating investment options for the supply chain of the Upper North Island;....."
Interesting stuff (I thought anyway), More there for anyone interested. Hope folk are.
Anyway.....time to get back outside.
Cheers RTM
RTM they are worthwhile links. One general take for me is that the medium to longer term prospects for North Port are good and above average cf. likely percentage growth change of most other NZ ports.
This should be favourable for owners Marsden Maritime Holdings and Port of Tauranga and the whole northern region. Politics both National and local are a potential impediment to growth of North Port but its time will come! I've fairly recently finished purchasing some at an average price of $4.39 thus a yield better than the banks pay and will sit on the shares. I see little downside but possible strong upside and the shares will pay their way in this low interest rate environment. It may be a long wait though?
You’ve done well to accumulate at that price in recent times. My cost 2.80 but I’ve had them for a while. Happy to hold. Yes, to get the physical work done will take time, however would not be surprised to see the SP trend upwards should the Government confirm a strategic direction to in line with the flavour of the report. And that would of course be strengthened if National support it. If they don’t well then they might lose Northland again.
Wish I had more.
One more step in the process done - A working group has now come out with recommendations aligned to NZ first policy. This shifts it from a single party policy to a officials recommendation. The next step appears to be these recommendations going to Cabinet and hopefully (for MMH) get endorsed as government policy. MMH's share price finished with no sellers and the share price up to $5.65 Could be interesting over the next few days to see what price sellers emerge at and what price buyers are prepared to bid to.
Some links to the stories:
https://www.tvnz.co.nz/one-news/new-...move-northport
https://www.stuff.co.nz/business/116...-marsden-point
https://www.stuff.co.nz/business/116...ort-were-ready
Which raises the interesting question - How to value MMH now. Port of Auckland had profits of $54m and $76m in 2018 & 2019 on $243 and $248m of revenue. This profitability is consistent with a market value north of $1b. MMH's 50% share of Northport and owning a swag of land around the port currently has a market value of $233m. If all this activity transitions to MMH over the next 10+ years, what is MMH worth now?
Moving the P o Auck north will not happen in my life time of obvious reasons.
That’s sad.... are you not well ?
The link to the reports is here:
https://www.transport.govt.nz/multi-...hain-strategy/
I’ve not read them yet, but the SP has been edging up recently, nice jump today.
Does anyone know where to find an Annual report for Ports of Auckland ?
Can’t put my finger on it easily...and been in a couple of electronic circles so far.
Google Ports of Auckland annual report.
The top one is 2019.