We’re proposing to create a new joint-venture company with MMH and Northport, together with investment partners Port of Tauranga and Tupu Tonu (Ngāpuhi Investment Fund Ltd).
This will set Northport up for the future by simplifying MMH’s ownership structure, combining the port and land-based assets and bring full control of Northport under a single ownership umbrella, and ensure half of the shareholding is held here in Te Taitokerau.
This proposed change relates to the ownership and control of one of our strategic assets, so requires an amendment to Te Mahere Roa – Long Term Plan 2024-2034.