Port Otago has been chosen as the Otago Daily Times Business of the Year
###ODT Online Sat, 27 Dec 2014
Buoyant through the changing tides
By Simon Hartley
Undeterred by the 2007-09 global financial crisis, Port Otago has successfully navigated its way through tough times to deliver 100% owner the Otago Regional Council more than $50 million in dividends during the past five years alone. Simon Hartley talks to Port Otago chief executive Geoff Plunket about its performance and contribution during the past decade.
Port Otago goes into 2015 in fine financial shape, with tens of millions of dollars in development under way, staff numbers increasing and the company optimistic about new developments.
Its subsidiary Chalmers Properties, which oversees a portfolio valued at $260 million, has $20 million to invest, and a separate “inland port” at Mosgiel could be up and running by 2017, as could more Sawyers Bay warehousing – all in all, an average annual capital expenditure of $10 million for each year over the next decade.
Inland port by 2017, Sawyers Bay developments – TIME TO GET SHUNTING OFF THE SECTION OF MAIN TRUNK LINE THAT PREVENTS HARBOUR ACCESS via Rattray and Fryatt Streets. Restore the controlled pedestrian, cycle and vehicle crossing at grade.
Posted by Elizabeth Kerr
*Images: theblackthornorphans.com – container stack, Port Otago; staticflickr.com – container terminal