Port of Tauranga Limited this afternoon received an interim decision of the Environment Court granting resource consent for Stage 1 of its planned Sulphur Point wharf extension, subject to conditions. Stage 1 involves building 285 metres of additional berth to the south of the Port’s existing container berths.
Decisions on whether to grant consents for Stage 2 of the Sulphur Point wharf extension, and for proposed works at the Mount Maunganui wharves, are reserved pending the provision of further information.
It is the biggest fall this calendar year.
Both businesses were part of its A$1.16b LifeHealthcare acquisition.
The Warehouse Group and KMD Brands have both downgraded guidance in recent weeks.
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