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Board of inquiry approves Tainui's Ruakura inland port designation

Tainui Group Holdings and its partner in a massive land development proposal north of Hamilton are a step closer to turning earth following a draft approval to re-designate 800 hectares around Ruakura from rural to use for employment and residential purposes.

TGH and Chedworth Properties are planning to spend around $3.3 billion over a 30 to 50 year development project that will create an industrial park, new housing and an "inland port" transport hub to marshall growing freight volumes between the country's busiest sea port, Tauranga, and its largest city, Auckland.

"The decision is very pleasing," said TGH chief executive Mike Pohio. The draft decision from a board of inquiry appointed by Environment Minister Amy Adams is expected to be finalised mid-September and can only be subject to minor changes of detail following the six week fast track process used to assess the major development proposal.

"The plans include a logistics hub that will make Hamilton and the Waikato a more prosperous and better place to live, with the potential to generate over 10,000 jobs, and better utilise rail to take up to 65,000 truck journeys off the road each year," said Pohio in a statement.

(BusinessDesk)

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Ruakura: TGH and Chedworth Properties are planning to spend around $3.3 billion over a 30 to 50 year development project that will create an industrial park, new housing and an "inland port" transport hub to marshall growing freight volumes between the country's busiest sea port, Tauranga, and its largest city, Auckland.

Drury: Pukekohe’s going to be a satellite city of Auckland and that’s going to have another 50,000 people there. ‘‘Waikato is moving up towards Auckland, you’ve got the Pokeno subdivision now. Pokeno is on the other side of the Bombays, so that’s another 5km out from Drury.’’ Franklin said Drury was also attractive as a distribution hub because of its central position within the ‘‘golden triangle’’ of Hamilton, Auckland and Tauranga.
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