CentrePort contributes $2.5 billion to central NZ economy

CentrePort contributes $2.5 billion to central New Zealand economy

CentrePort contributes some $2.5 billion to central New Zealand GDP, according to an independent report by Berl.

The report shows that CentrePort, its customers and service providers supported 21,350 full-time equivalent (FTE) jobs and contributed $2.5 billion in GDP for the central region in 2015, up from $2 billion in 2009.

Chief Executive Derek Nind said the report highlighted the interdependency between the port company and businesses in the hinterland.

“We’re very aware of the important economic connection between Wellington and the provinces, and this independent report highlights the significance of that connection.

“It’s very important that we protect and grow this relationship by building the infrastructure that our customers need to compete internationally. That’s why we’re committed to deepening the shipping channel in Wellington harbour to attract bigger container ships. Without this initiative, there could be an increase in inland transport costs, which could affect jobs and growth in the central region.”

Mr Nind said the port was working closely with stakeholders and customers to explain its plans to sustain growth in the region.

“We’ve been steadily investing in key infrastructure like cranes and straddle carriers, and developing strategic partnerships and seamless rail connections from the hinterland to our seaport to maximise the gains for shareholders and customers, which is reflected in the findings of the Berl report.”

http://img.scoop.co.nz/media/pdfs/1605/The_Economic_Impact_of_CentrePort_2015__BERL_report.pdf

ENDS

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