Articles tagged with Marsden Point
New Zealand Secures Extra Diesel Supply to Boost Fuel Reserves and Security
1 week ago | 205 viewsThe New Zealand Government has secured an additional nine days' supply of 90 million litres of diesel through a letter of intent with Z Energy to enhance fuel reserves amid global market uncertainties. This fuel will be stored at Marsden Point in refurbished tanks funded by a $21.6 million investment, with the Crown controlling its release to strengthen economic and fuel supply resilience. The agreement, resulting from a competitive procurement process, provides strategic insurance to ensure reliable diesel supply crucial for the economy while not counting towards fuel companies' minimum stockholding obligations.
Tags: Nicola Willis Shane Jones Z Energy New Zealand Marsden Point diesel supply Government fuel reserves Channel Infrastructure Ministry of Business Innovation and EmploymentNew Zealand Boosts Diesel Storage by 90 Million Litres at Marsden Point
1 month ago | 411 viewsThe 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.
Tags: Shane Jones Channel Infrastructure Marsden Point Regional Infrastructure Fund New Zealand Government diesel storage fuel resilience Regional Development Minister Middle East conflict New Zealand fuel suppliesTransformative Rail Investment in Auckland: Unveiling the Third Main Line Project and Future Upgrades
7 months ago | 776 viewsThe Minister of Transport highlighted the Government's significant investment in Auckland's passenger rail system, including projects like the Third Main Line and extending the electrified network. These investments aim to improve both commuter services and freight operations, benefiting the economy and reducing road congestion. Future plans include expanding rail capacity in Auckland's Southern Corridor and developing the Avondale-Southdown corridor to enhance freight connections and regional economic growth.
Tags: David Gordon Mayor of Auckland Minister of Transport New Zealand KiwiRail Wellington Northland Marsden Point Rail Link FonterraNorthland's Economic Future: Major Developments and Opportunities Unveiled
9 months ago | 1800 viewsRail Minister Winston Peters and Regional Development Minister Shane Jones highlight significant developments in Northland's economic future, including Marsden Point's role as an energy and economic powerhouse. Projects such as a refurbished tank for supplying jet fuel to Auckland Airport and a commercial dry dock aim to boost job creation and international trade. Plans for a Regional Infrastructure Fund part-funded drydock at Northport and the potential use of special economic zones to attract investment demonstrate a focus on enhancing New Zealand's economic growth and resilience.
Tags: Northland Winston Peters Shane Jones Marsden Point New Zealand Channel Infrastructure Z Energy Auckland Airport KiwiRail SEZsBoosting Northland's Economic Relevance: New Rail Link, Dry Dock, and Special Economic Zones Announcement
9 months ago | 1917 viewsThe address at Marsden Point highlighted plans for a new rail link, development of a dry dock, and potential for 'special economic zones' to boost Northland's economic relevance to New Zealand. The focus was on the importance of trade for New Zealand's economy, with discussions on the need for a second major port due to capacity constraints at existing ports like Tauranga and Auckland. The address also emphasized the significance of energy security, job creation, and export growth through initiatives like the Marsden Point Rail Link and the proposed Special Economic Zones legislation.
Tags: Shane Jones Northland New Zealand Marsden Point Channel Infrastructure Port of Tauranga Port of Auckland KiwiRail Special Economic Zones God’s own country