South Port New Zealand Limited logo

CONSENT LODGED – ENTRANCE CHANNEL IMPROVEMENT PROJECT

Regulatory17 May 2021SPNIndustrials

SOUTH PORT NEW ZEALAND LIMITED
NZX & MEDIA RELEASE



17 May 2021



CONSENT LODGED – ENTRANCE CHANNEL IMPROVEMENT PROJECT


South Port lodged a Resource Consent Application with Environment Southland

today to deepen the entrance channel and harbour to 10.7 metres.


“Extensive consultation has been undertaken and we have completed a number of

environmental assessments in preparation for lodging this consent”, said South Port

Chairman Rex Chapman.


“The increased depth will be achieved by removing some higher areas that currently

limit channel width and depth in the entrance channel”.


The benefits of removing the highpoints in the channel and increasing the current

9.7 metre operating draft would assist with improving safety margins for ship

movements and provide greater capacity for vessels to take on additional cargo.


“This is a major project for the Port and will provide benefits to the region’s

customers for years to come and aligns with the Company’s purpose to facilitate the

best logistic solutions for the region”, he added.


“With uncertainty over the potential closure of New Zealand Aluminium Smelter

(NZAS) by 2024, it is crucial now, more than ever, that the Port continues to look for

opportunities to secure growth and its future”, said Chief Executive Nigel Gear.


It is important that Southland has a port with a competitive channel depth that will

provide flexible options for shipping companies and new industry considering coming

into the region.


“COVID-19 has also significantly impacted the world’s supply chains. An increase of

depth in the harbour would assist in alleviating current congestion issues, as well as

providing for growth in the future”, he added.


It is expected that the consent will be processed this calendar year and it is hoped

that work can commence within the next 24 months.



FOR FURTHER INFORMATION PLEASE CONTACT:


Mr Nigel Gear Mr Rex Chapman

Chief Executive Chairman

South Port New Zealand Ltd South Port New Zealand Ltd

Mob: 027 494 3322 Mobile: 027 454 8455

Email: ngear@southport.co.nz Email: rex.chapman@cplaw.co.nz

Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.

Other issuers discussed similar conditions around this time

Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.