Puhoi to Warkworth road consortium gets OIO approval

Wed, 30 Nov 2016

By Edwin Mitson Nov. 30 (BusinessDesk) - The Overseas Investment Office has approved the sale of 1,700 hectares of land to the consortium which is to build and maintain the Puhoi to Warkworth road, connecting Auckland to Northland. The NX2 Consortium is paying "in excess of $100 million" for the leaseholds rights, with a further $100 million to be spent on developing the land before the $750 million roading project starts. The consortium includes the Accident Compensation Corporation, who hold 38.3 percent, Public Infrastructure Part...

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