US$ 40 million grant approved for Ruakura Superhub PPP in Hamilton

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

The Hamilton city council in New Zealand and Tainui Group Holdings has raised a US$ 40 million grant for the development of Ruakura Superhub with an inland container depot in the eastern fringe of Hamilton city. The superhub will cover 480 hectares of area, out of which the inland port will be developed in 30 hectares. 17 hectares of land will be developed in the first phase.

The city council will provide US$ 20 million and TGH will provide US$ 20 million for the initial planning and development of roads around the inland port as well as water infrastructure for the hub. With the funding, the superhub is expected to be operational by mid-2022. The Government’s investment will partially fund the critical transportation, bulk infrastructure, and environmental protection work such as the Mangaonua Watercourse and a 10-hectare wetland.

List of the country updates

Country updates

  • September 17, 2020

    EQT's bid approved for acquisition of Metlifecare

    The Overseas Investment Office in New Zealand has approved the bid from EQT owned Asia Pacific Village to acquire 100% stake in retirement village operator Metlifecare. Due to the COVID-19 A...

    Read more
  • August 26, 2020

    Transmission Gully motorway to start operations by September 2021

    The Transmission Gully motorway north of Wellington will be open by September 2021 as part of a settlement agreement reached following the conclusion of negotiations related to the commercial imp...

    Read more
  • July 14, 2020

    EQT Infrastructure enters into a new Scheme Implementation Agreement with Metlifecare

    Asia Pacific Village Group Limited (APVG), an entity owned by EQT Infrastructure IV and managed by EQT Fund Management S.à r.l. has entered into a new Scheme Implementation Agreement (SI) with...

    Read more
  • June 30, 2020

    Auckland Light Rail project canceled

    The New Zealand government cabinet has agreed to end the twin-track Auckland Light Rail PPP project and refer the project to the Ministry of Transport for further work. Despite extensive cro...

    Read more
  • May 15, 2020

    First state investment to acquire Ultrafast Fiber

    Electricity distributors WEL Networks Limited (WEL) and Waipa Networks Limited (Waipa) have agreed to sell their shares in UFF Holdings Limited, the holding company for Hamilton-based fibre business U...

    Read more

Share this update