New Zealand Boosts Diesel Storage by 90 Million Litres at Marsden Point
The New Zealand Government will invest up to $21.6 million from the Regional Infrastructure Fund to support Channel Infrastructure NZ Ltd in increasing diesel storage capacity by 90 million litres at Marsden Point, enhancing fuel resilience amid global supply disruptions. The project aims to recommission storage tanks within two months to secure diesel supplies beyond the current secure period until the end of May. This initiative addresses the critical need for large-scale fuel storage, particularly for diesel, which is vital to the economy, and work is set to begin imminently with close government oversight.