Comparing the Wellington stadium to Eden Park its like comparing Wellington to Auckland !
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Getting closer. Premium...so some snippets.
https://www.nzherald.co.nz/northern-...33ZI6WRSS7GE4/
"Northport needs to grow container business for Auckland's sake: Port of Tauranga CEO"
"Asked which associate business he'd particularly like to see improve, he said Northport, and key to that was the Government's plan to build a rail spur from the main trunk line to Marsden Point"
"A recent independent report commissioned by Northport on the social and economic potential of its growth plans concluded around 1500 jobs could be created around Marsden Point, in Whangārei and in the wider Northland region by expanding the container operation. "
From end of August Herald
Step by step.
And, who is going to bear the cost of all of that?
Then the loss of the green miles?
And the extra fuel consumption, emissions and road and track maintenance, versus the sea?
And the cost of extra locomotives, rolling stock and trucks?
It's enough to make an Aucklander spew into their latte!
Rail is a great method of moving freight and would have the potential to reduce a lot of SH1 hgv traffic
For those interested.
https://www.nzherald.co.nz/northern-...OMJOL7DSFJBF4/
"Northport has applied for resource consent for a huge expansion of its operations, including 11.7 hectares of land reclamation and a 250m wharf extension."
Wouldn't imagine it is going to be an easy process getting the resource consent over the line. This was in the paper yesterday.
It also advised "Submissions must be received on or before December 15"
Seems an incredibly short period of time....maybe I missed an earlier notification.
And a wee bit more for those who are really really interested.
https://www.nrc.govt.nz/media/tvajk2...06-10-2022.pdf
Again, for those interested. A good perspective.
https://www.iheart.com/podcast/1049-...nds-107694623/
...for those with a progressive open mind.
Ha !
Moved to CHI
Hey Kiora
I do not think MMH has anything to do with oil or fuel imports.
That infrastructure was held by NZ refining (right next to MMH's port) which has changed its name to Channel Infrastructure.
On a related note, interesting to hear of imported aviation fuel quality problems, CO2 shortage due to the closing of the refinery and wonder if the bitumen sticking to wheels is due to low quality imports now refinery is closed.
I understand refining margins went up considerably not long after the decision to close the refinery. I wonder if this means the crazies protesting the closure of the refinery were right and the top well paid CEO's of the petrol companies were wrong. Perhaps crazy people have a longer term time horizon or perhaps they care more about the nation of NZ in their own crazy way and just because you are paid squillions you do not always make better decisions.
Although MMH have yet to release its half year results to 31 December 2022, POT have today released their results including details of the performance of Northport (jointly owned with MMH). See page 22 of the presentation http://nzx-prod-s7fsd7f98s.s3-websit...280/389372.pdf
Northport high level:
Profit down 0.7% to $3.918m
Brake bulk volumes down 12.7%, logs main contributor
Container volumes up 15.1% but volume still small at 10,611 TEU’s.
Strong contribution from North Tugz
Northport not the full MMH picture but the material profit contributor.
Have you ever had a hard look at the state of the rail lines north of Auckland, go to Helensville, Maungaturoto or anywhere , that rail line was not meant to carry heavy container traffic.
Last year the PoA handled 900,000 + containers landed as well as exporting the same number, Marsden Port simply cannot handle that amount of heavy volume, END OF STORY !@!
So NZTA /NZRail in order for containers to fit through the tunnels ( as they didnt fit ) LOWERED the tracks leading into,inside and outside the tunnels !! another great piece of N Z engineering practice, so much for this countries world leading infrustructural engineering ideas, would only happen in NZ and we wonder why the roads, rail, bridges etc get washed away in a storm !!
As well as undermining the tunnel itself they also have to rebuild the track both sides so as to realign it.
After this weekend in the north who would want to risk having the Marsden Point as a major N Z port with 900,000 + containers shifted from there down to Auckland by either road or rail when the PoA is perfectly acceptable, IF IT ANT BROKE DONT FUC$ It !!
With the massive land slide in the Helensville-Warkworth area and it taking 10-12 weeks to clear who would ever contemplate now moving the PoA anywhere, this must surely be the end of the nightmare dream of W B's now.
I'm worried the rail spur line to Marsden Point is not included in recent National Party transport project announcements.
The need to pay for the proposed projects runs the danger of having the rail spur construction abandoned.
I can somewhat appreciate the Nationals' jaded view of the spur given that it was promoted by their ferocious rival, the New Zealand First Party, as well as their skepticism of the Labour Party's rail investment planning in light of former Labour Party finance minister Michael Cullen's ridiculously expensive purchase of Trans Rail from Toll Holdings.
The completion of the spur would be valuable and a reasonably inexpensive win, therefore I hope they go ahead with the spur if elected.
Boop boop de do
Marilyn
How much CASH does this company generate in relation to it's cap?
$1.3billion for the extensions $300mill for the rail spur portion.
https://www.nzherald.co.nz/northern-...erity%E2%80%9D.
$10mill operating cashflow for MMH according to the 2022 annual report. Wouldn't the question be how much additional cash would be generated by a rail spur and the ability to land and transport containers and cars to Auckland. What about decongesting roads around the Ports of Auckland. Then there is the cost of a distribution centre in Auckland.
But then again it also might encourage industry in and around the Port. Wasn't there supply chain concerns with the Port of Auckland closing in the future and national interest.
Also isn't this a question for Kiwirail as I assume it would be Kiwirail who would make money from the additional traffic.
Thinking about comparable projects $880mill for the holiday highway between Puhoi and Warkworth. How much cash does this generate?? Not sure where you get the accounts for the toll road.
I assume we could expect a lower yield from long term infrastructure projects in the national interest.
Sadly our friend whatsup appears to be correct regarding any movement North for Freight.
https://www.nzx.com/announcements/417035
Key financials:
• Business Park and Marina Operations revenue $11.3m, up 29% from $8.7m last year
• Net profit after tax before valuation movements $8.2m down from $9.1m last year
• Investment property valuation downward movement of $0.3m partly reversing the previous
year’s significant upwards movement of $3.9m.
• Earnings from joint venture interest in Northport $8.1m down 3.5% from $8.4m last year
• Northport volumes
o Bulk 2.6m t down from 2.9m t last year
o Logs 2.0m t down from 2.3m t last year
o Container volumes were 16,809 TEU down from 19,142 TEU last year
Two or three years is a "tight" decision deadline??? for a project that has had at least four well-funded, studies and reports done on it. Maybe with Winston & Shane Jones at the table supporting the North might be a goer although Shane must be hurting a bit as the Northerners have not taken to him despite the provincial fund largesse. Also, nothing got done under John Key why would we expect anything this time round. Maybe they will commission another report.
https://www.newsroom.co.nz/business/...cross-auckland
All I see is weak leaders trying to buy votes from weak selfish people so I guess it is a matter of wait some more and see if a decision can be made in such a tight deadline.
whatsup despite the negativity is proving to be correct on moving the port north.
Aaron, I was never negative on this subject just realistic, moving the PoA up north was and is never a goer once you weighed up all of the situations and financially it would never stack up.
Putting a stadium on that ground was never a goer as well, nothing wrong with Eden Park where it is , used once a year to full capacity no not on IMHO !
Helen Clark & John Key thought it was a good idea and they might still think that way. They are both Aucklanders and dare I say it two well respected former prime ministers.
https://www.nzherald.co.nz/nz/reveal...C4BAVO7UP47AM/
"The status quo," says the report, "is not an option." Key and Clark have made it clear where they stand.
The future of container ports in the Northland, Isthmus, Waikato and Bay of Plenty areas do not need the nod from lord high pooh bahs.
Let's consider the issues; There has been a steady rise in container volumes over time. Auckland container terminal growth is restricted by its location in New Zealands largest city. Sulphur Point in Tauranga is approaching capacity limits. The railing of containers into the isthmus is an established practice.
The lack of a short rail spur to Marsden Point is a block to it being able organically grow to absorb the likely future capacity growth. In my opinion it is not an issue of the Port of Auckland OR Marsden Point but Port of Auckland AND Marsden Point.
The current government has plans to construct the rail spur. The likely next government has been silent on the issue but it can be assumed to have a negative view of it. One of the possible reasons for this view is their ill-will towards its strong advocates Winston Peters and Shane Jones of the New Zealand First Party.
Recent opinion polls have the NZ First Party on the threshold of being represented in parliament and in some scenarios holding the balance of power. An voter wishing to see the spur proceed should support NZ First. As we all know in the negotiations to form coalition governments implacable opposition often turns to obsequious accommodation.
Boop boop de do
Marilyn
PS. I have introduced "politiks" to this topic in the run up to an election. I do so only within the scope of how it affects Marsden Point. Please don't respond by wandering off into the weeds of politics in general and restrict any responses on political aspects to how it affects the topic.
Northport off the Auckland Mayors horizon at the moment
https://www.msn.com/en-nz/news/natio...36664fcd&ei=11
But this caught my eye.
The Curia research poll, commissioned by the mayor's office, goes even further and shows most Aucklanders agree shifting the port to Northland is a good idea.
Fifty-four percent support the shift while 30 percent don't.
I like Wayne Brown, whatever else you might say about him he appears to be working hard coming up with ideas and being realistic about finances. I also liked this quote.
"Some of my councillors have had a long career of saying no to every possible thing, so you don't have to get everybody, and I think the public support will bring along the thoughtful ones," Brown said.
I am sick of politicians not wanting to rock the boat or do anything to ensure an apathetic public vote in the incumbent next elections.
On an unrelated topic, I put "Marsden" and then "Marsden Maritime" in the search box to try and find this thread neither search came up with this thread on the first page of search results.
How would someone who knows how to use this site find this thread.
Thanks Snoop, can't thank you quietly via reputation and not clog up the thread as I need to spread it around more before I can give you a boost.
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 ".
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%
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.
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 !!
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!
Told you so, PoA stays where it is for ever , imho.
I do not know the process but wouldn't the northland regional council assess the port expansion requests rather than 3 commissioners?
I had heard that the NRC was nearly dysfunctional with the loony greenies, mystical magical tangata whenua and other opposing hardliners not agreeing on anything, but do not know how true that is.
https://www.nzherald.co.nz/business/...MIOEJ52WD4BLU/
Independent commissioners Greg Hill (chairman), Hugh Leersnyder and Jade Wikaira refused all the consents sought.
However, the commissioners said they refused consent due to the scale and extent of the proposed reclamation as it stood.
That was due to significant adverse effects on cultural values of tāngata whenua and the loss of recreational values and public access to and along the coastal marine area, their decision said.
“We find that the adverse effects of the reclamation’s scale and extent, which results in the severance of the physical relationship to this cultural landscape, the beach, the dunes and the takutai moana (marine and coastal area), are significant and irreversible.”
What are the adverse effects on cultural values of tangata whenua, great navigators whose main form of transport besides shanks pony was the waka which requires a port.
"Severance of the physical landscape to the cultural landscape"???? where do they come up with this crap.
Who are these people and what is their background?
I am hoping Shane Jones can fast track this one. This would be less destructive than mining and drilling.
Although I do not have much faith that the fast track process won't eventually lead to some pretty large back handers to get a project across the line.
Disclaimer I am a shareholder in MMH and hope to benefit from the expansion of the port eventually despite whatsup continuing to s*it on my expectations and sadly he continues to be right about Auckland anyway.
More on it in this mornings paper, apparently the pathway to the pipi beds that was part of the plan was not good enough for the local hapu.
All these greenies and magic people not wanting any change. I wonder if they have been protesting massive immigration, shouldn't the nation of NZ need a resource consent for that as the environmental impact of 100,000 odd people a year is huge.
Forcing down wages by bringing in cheap labour from the third world will hardly be encouraging our young people not to leave for Australia. Not sure how this became a rant against immigration, I guess it is mostly against the d*ckheads who are in NZ and making these decisions on our behalf. By the sounds of it, mostly on behalf of tangata whenua.