Articles tagged with Holdings
Fast-Track Approval Granted for Pound Road Industrial Land Development in Christchurch
1 week ago | 131 viewsThe Pound Road industrial land development in Christchurch, covering 60.4 hectares and providing up to 84 industrial lots, has received Fast-track approval, marking the 20th project approved under this process and the seventh in the South Island. This project is expected to contribute $451 million to the economy during construction and support long-term economic growth by accommodating light manufacturing, warehousing, and logistics, while providing infrastructure such as roads and three-waters services. The Fast-track process continues to facilitate significant regional developments, with 45 projects currently progressing and approvals granted under various acts to streamline growth and job creation.
Tags: Chris Bishop Shane Jones Ngāi Tahu Property Development Holdings Pound Road Christchurch Infrastructure Minister Regional Development Minister Resource Management Act Wildlife ActMarlborough Council Starts Consultation on $110M Port Marlborough Ferry Upgrade
3 weeks ago | 260 viewsThe Marlborough District Council has begun consulting on funding Port Marlborough’s $110 million contribution to revenue-generating port assets in Picton, supporting new resilient ferries for road, rail, and passengers. This initiative, part of a $531 million budget for Picton works, aims to replace ferries while saving taxpayers $2.3 billion and securing long-term infrastructure for the Interislander and Bluebridge services. The proposal is designed to cost no additional ratepayer funds, with dividends from Port Marlborough benefiting the community and taxpayers funding the balance through Ferry Holdings.
Tags: Marlborough District Council Port Marlborough Picton Rail Minister Winston Peters Interislander Bluebridge Local Government Act Ferry Holdings taxpayerJohn Williamson Reappointed Chair of NZ Superannuation Guardians Board
1 month ago | 473 viewsJohn Williamson has been reappointed as Chair of the Guardians of New Zealand Superannuation Board for two more years starting October 1, reflecting his strong leadership and extensive experience. The Board manages government investments in the NZ Super Fund and the Elevate NZ Venture Capital Fund, with five of seven members currently in their first term. This reappointment aims to ensure stability, continuity, and robust investment performance to grow New Zealand’s sovereign wealth funds for future generations.
Tags: John Williamson Nicola Willis Guardians of New Zealand Superannuation Board NZ Super Fund Elevate NZ Venture Capital Fund Hellaby Holdings Ltd New Zealand government sovereign wealth funds private equity Māori resource lawAndy Knight Named Chair of Expert Panel for $200M Gas Security Fund
2 months ago | 410 viewsAndy Knight has been appointed chair of the expert panel advising the New Zealand Government on applications to the $200 million Gas Security Fund, which aims to enhance domestic gas supply and storage amid declining production. The panel also includes geophysicist Tim Allan and energy sector professional John Pagani, with two more members to be appointed, and will provide independent, expert advice to decision-making ministers Shane Jones and Chris Bishop. The fund, administered by Kānoa – Regional Economic Development & Investment Unit, supports projects with short- to long-term benefits to secure affordable and reliable gas for New Zealand’s economy.
Tags: Andy Knight Shane Jones Tim Allan John Pagani Chris Bishop Gas Security Fund New Zealand Oil & Gas Energy Efficiency Conservation Authority Taranaki Iwi Holdings OMVRodger Finlay Appointed Reserve Bank Chair and Rhiannon McKinnon Joins Board
5 months ago | 520 viewsRodger Finlay has been appointed Chair of the Reserve Bank, continuing his leadership since August 2023, while Rhiannon McKinnon joins the Bank’s Board for a five-year term. These appointments are part of a broader refresh of the Reserve Bank, which includes new leadership, committees, and a focus on increased accountability, transparency, and banking competition. Both appointees bring extensive experience in governance and financial management, supporting the Bank's statutory responsibilities and government expectations.
Tags: Rodger Finlay Rhiannon McKinnon Nicola Willis Reserve Bank Kiwi Wealth NZ Post Kiwi Group Holdings NZ Oil and Gas PGG Wrightson NZ Film CommissionGovernment Saves $2.3 Billion with New Interislander Ferries and Infrastructure
5 months ago | 562 viewsThe Government has secured two new Interislander ferries from Guangzhou Shipyard International under a $596 million fixed-price contract, with the total program costing less than $2 billion and saving taxpayers $2.3 billion by cutting expensive consultancy and excessive infrastructure. Funding for the infrastructure will be recovered through port fees and Interislander is expected to build reserves for future ferry replacements, operating like a normal business. The project is managed by Ferry Holdings with support from CentrePort, Port Marlborough, and KiwiRail, emphasizing fiscal discipline and minimizing disruption, while also strengthening economic ties with China.
Tags: Winston Peters Guangzhou Shipyard International Ferry Holdings CentrePort Port Marlborough KiwiRail Interislander Bluebridge Rail Minister Cook StraitFast-track Approval for $1.45B Drury Metropolitan Centre Development in Auckland
6 months ago | 873 viewsInfrastructure Minister Chris Bishop has welcomed the Fast-track approval of the Drury Metropolitan Centre development project in Auckland, projected to inject over $1.45 billion into the economy and create 3,420 full-time jobs. The project includes residential, commercial, and community spaces, with significant government investments in infrastructure like new train stations and road upgrades in the area. The Fast-track process aims to address infrastructure deficits, boost housing supply, create jobs, and improve the efficiency of project approvals through the Fast-track Approvals Amendment Bill.
Tags: Chris Bishop Auckland Drury Metropolitan Centre Kiwi Property Holdings infrastructure expert panel major metropolitan development project residential commercial.New Zealand Government Secures Guangzhou Shipyard for Two Ferry Builds
6 months ago | 697 viewsThe Government has selected Guangzhou Shipyard International to build two new ferries through Ferry Holdings Limited. Rail Minister Winston Peters highlighted GSI's expertise and capabilities as a leading shipbuilding enterprise in Southern China. Negotiations are ongoing, with details to be disclosed upon completion, including agreements with CentrePort Limited and Port Marlborough New Zealand Limited, aiming for completion in 2029 with cost-effective solutions to benefit New Zealand taxpayers.
Tags: Government Ferry Holdings Limited Guangzhou Shipyard International Rail Minister Winston Peters GSI New Zealand taxpayers ferry replacement programme CentrePort Limited Port Marlborough New Zealand Limited project iReXNew Ferries Secured for Next 30 Years by Ferry Holdings: Design and Delivery Details
8 months ago | 766 viewsFerry Holdings has secured a preferred shipbuilder for two new ferries to serve passengers, road, and rail for the next 30 years, with a fixed price and completion in 2029. Rail Minister Winston Peters praised the swift procurement process and highlighted the importance of the letter of intent signed for technical negotiations. The new ferries will have specific dimensions, capacities, power, and safety features to ensure efficient and environmentally friendly transportation across the Cook Strait for the next three decades.
Tags: Ferry Holdings Winston Peters Rail Minister ship builder shipyards procurement process ship specification shipyard Cook Strait TasmaniaKiwiRail & Hyundai Mipo Dockyard Settle Project iReX Dispute for $144M
8 months ago | 1003 viewsKiwiRail and Hyundai Mipo Dockyard have settled on a $144 million payment to cover costs incurred from the cancelled Project iReX ferries, with KiwiRail emphasizing the decision was not a reflection on Hyundai. The settlement frees up more funding for other Government projects, debunking claims that canceling the contract would cost taxpayers the full $551 million contract value. The settlement marks the end of mismanagement by the previous government, which failed to consider necessary port infrastructure, resulting in a near quadrupling of project costs before its cancellation in December 2023.
Tags: KiwiRail Hyundai Mipo Dockyard Mr Peters RNZ The Post Tangi Utikere Nicola Willis Ferry Holdings Picton WellingtonFerry Holdings Announces Infrastructure Agreements with Ports and KiwiRail for Arrival of New Ferries by 2029
10 months ago | 2168 viewsFerry Holdings has reached agreement with CentrePort, Port Marlborough and KiwiRail on core infrastructure scope, Rail Minister Winston Peters announced today. The agreements set out the scope of physical work and equipment to be delivered by 2029 when two new ferries arrive, with port and KiwiRail agreements to be entered later this year to confirm the investment splits between Ferry Holdings and each other company and other commercial terms. “This is not our first regatta, as this no-nonsense infrastructure focus is what was supposed to happen in 2020 until poor management and a lack of oversight allowed iReX to blow out.
Tags: Centreport Dublin street Ferry holdings Holdings Kiwirail Marlborough Port marlborough Wellington Winston petersInvestment Summit drives strong bids for Northland Expressway
10 months ago | 2123 viewsThe positive impact of the Government’s Infrastructure Investment Summit earlier this year is beginning to show, following the shortlisting of three consortia for the Warkworth to Te Hana section of the Northland Expressway, Infrastructure and Transport Minister Chris Bishop says. “The Investment Summit, which took place in Auckland in March 2025, attracted international and local companies which collectively manage over $6 trillion in capital,” Mr Bishop says. “Ministers’ presentations at the Summit left the investors in no doubt that New Zealand is serious about attracting investment into the big infrastructure projects our country needs.
Tags: Acciona cons s And transport Auckland Chris bishop Construction Construction limited together Dome valley Engineering Express For proposals Grandjet Highways Holdings Infrastructure Infrastructure investment summit Investment summit Limited New zealand Northland expressway Northway