https://www.youtube.com/watch?v=hDKKgQ0zV18
Hamilton’s Ruakura Inland Port has been granted Overseas Investment Office (OIO) consent to lease 30 hectares of land needed for the project.
The new inland port is a joint venture between Ruakura Limited, which owns the land, and overseas-based C3 Limited.
The inland port logistics centre will enable shipping containers to be processed after being sent by rail from sea port.
Approval was needed for the overseas company to lease the land as it is non-urban land that is greater than five hectares and considered sensitive under the Overseas Investment Act.
Construction of the inland port is expected to introduce about $10 million into the economy.
Around 58 jobs will be required during the construction phase, and once completed five permanent jobs will be created. A further six jobs are estimated to be created during the first two years.
The land will remain 100% New Zealand owned, and half of the joint venture will remain owned by New Zealanders.
The inland port is a key part of the Ruakura development, which is expected to become New Zealand’s largest integrated commercial and lifestyle development.
C3 Limited is New Zealand’s largest on-wharf logistics company.
