MMH - Marsden Maritime Holdings

[mondograss]

https://www.nzherald.co.nz/northern-...DHN2HI32DJBCM/

A couple of quotes:
"While the slip repair work is progressing, KiwiRail has also been upgrading the line between Whangārei and Kauri to take 18-tonne axle loads, including laying 20,000 new concrete sleepers and 13km of rail."

“Longer-term, the track upgrade work to Whangārei is also crucial for running more services if the rail spur to Marsden Point were to be built. KiwiRail is currently funded to purchase land needed for the spur and to undertake its detailed design.”

[whatsup]

https://www.nzherald.co.nz/northern-...DHN2HI32DJBCM/

A couple of quotes:
"While the slip repair work is progressing, KiwiRail has also been upgrading the line between Whangārei and Kauri to take 18-tonne axle loads, including laying 20,000 new concrete sleepers and 13km of rail."

“Longer-term, the track upgrade work to Whangārei is also crucial for running more services if the rail spur to Marsden Point were to be built. KiwiRail is currently funded to purchase land needed for the spur and to undertake its detailed design.”

So how long has this " slip " effected the railway line, ONE YEAR since Cyclone Gabrielle , and if so how would N Z function if the PoA was moved from Auckland to Marsden Point and both the rail line and the Brynderwyn road closed as it was during the cyclone, the old saying comes to mind, "if it ant broke dont fuc! it ".

[Sideshow Bob]

https://www.nzx.com/announcements/426757

Half year highlights:
• Underlying Earnings (Business Park and Marina Operations) of $1,008k, up 15.6% on prior comparative period
• Marina and Boatyard Revenue of $1,649k, up 20.8%
• Lease Revenue of $2,569k, up 9.8%
• Northport Share of Earnings of $4,288k, down 3.3%

[Aaron]

Wayne Brown lambasting "self-important" people in the herald this morning. They were worried he was going to tie up the Port with a 35 year lease leaving the waterfront inaccessible to the public.

It is funny Wayne feels that way as they are only going off the "Upper North Island Supply Change Strategy", I can't remember what self important person wrote that report? but I think it said the Ports of Auckland had a limited life and better use could be made of the land.

Anyway just further proof that whatsup is right and there will be no movement to Northport in our lifetime.

[whatsup]

IMHO the only reason that A C would offer a 35 year lease on the POA is that when the POA's lease comes to an end they wont renew it thereby forcing the owners to find another location and EVERY possible owner knows this.
The POA will be there in 100+ years time and fancy thinking of building a sports stadium on that land what were they thinking of, Eden Park/rugby/cricket only attracts 10-15,000 people on a good day/night !!

[Getty]

Stop talking sense whatsup.

It's much better to spend tens of millions on a debt funded stadium downtown, and there will be a 50000 plus crowd everytime, without any congestion.

Yeah right!