News: RTF: Transmission Gully contract right move

ngauranga-gorge-img4The Government’s announcement that a contract has been signed and work will begin in a few months on the Transmission Gully motorway north of Wellington is welcome news to the road freight industry, says the Road Transport Forum chief executive officer Ken Shirley.

“Using a private public partnership is a sound way to augment the national land transport programme funding and ensures this critical piece of infrastructure is built in a timely manner.

“As a major link into and out of the capital and to the South Island the new route is essential for the freight task, will significantly improve travel times and consistency of service and will provide much needed resilience.” Continue reading “RTF: Transmission Gully contract right move” »

News: Contract awarded for Transmission Gully

horokiri-stream-4-img4 (1)Initial work will begin over the next few months on the Transmission Gully motorway north of Wellington.

The NZ Transport Agency announced today that the contract has been signed for this project to be delivered as New Zealand’s first public private partnership (PPP) for a state highway.

NZTA chief executive Geoff Dangerfield says the signing of a PPP contract between NZTA and the Wellington gateway partnership for the 27km Transmission Gully project marks a major step forward for the region. Continue reading “Contract awarded for Transmission Gully” »

News: August IPO for EROAD

Logo-Only-largeTransport technology firm EROAD has confirmed it will be floating on the NZX – in a deal that will value it at $180 million.

The float will go ahead on August 15.

The valuation has been reported as being at the ‘bottom end’ of what was forcast – but with strong demand from institutional investors the company is pushing ahead. Continue reading “August IPO for EROAD” »

News: Pūhoi-Warkworth motorway draft welcomed

puhoi-warkworth-1-img4NZTA says it welcomes a draft decision by the Board of Inquiry to grant consents to construct the first section of a new motorway north of Auckland – the Pūhoi to Warkworth section of the Ara Tūhono Pūhoi to Wellsford road of national significance.

NZTA acting highway manager, Steve Mutton, says the agency will study the details of the draft decision and provide comments back to the environmental protection authority (EPA) within the 20-working day comment period.

“The draft decision is an important step towards improving transport connections between Auckland and Northland and the rest of the upper North Island,” says Mutton. Continue reading “Pūhoi-Warkworth motorway draft welcomed” »

News: Turners – an $82m Dorchester target

Micheal Dossor

Micheal Dossor

Vehicle finance company, Dorchester Pacific, plans to offer $3 a share in cash, shares and notes for Turners Auctions, valuing the auction company at $82 million, after winning support from chairman and major shareholder Michael Dossor.

The offer amounts to a 9.1% premium on the most recent trading price of Turners of $2.75,.

Dorchester currently owns 19.85% of Turners while the target company’s chairman owns 20.8% through Bartel Holdings, for a combined 40.65% stake. Continue reading “Turners – an $82m Dorchester target” »

News: Spanners fly in Southland

Fastest-spanner-2014-7Automotive technicians from across Southland have battled it out with technique, skill, teamwork and panache for the title of MTA Fastest Spanner: 2014.

Ten two-man teams from the south of the South Island came together, to pull engines apart, and then put them back together to working order in the fastest possible time.

More than 300 spectators watched the event inside the Invercargill Workingmen’s Club, organised by the MTA Southland Branch. Continue reading “Spanners fly in Southland” »

News: Mainfreight fraudster jailed for 4.5 years

Mainfreight

An Auckland woman who admitted stealing nearly $4.5 million from Mainfreight – her employer for more than 20 years – has been sentenced to four years, six months’ jail.

Sushila Devi Mosese, 51, pleaded guilty to eight charges of dishonestly using a document to obtain nearly $4.5 million from Mainfreight, reports the NZ Herald.

Mosese’s offending dated back to 2006. She was Mainfreight’s credit controller, in charge of collecting outstanding invoices. Court documents show she deposited cheques for payment into a bank account with a similar name to her employer. Continue reading “Mainfreight fraudster jailed for 4.5 years” »

News: The good news continues for auto and equipment industries

ANZ-logo-Strip-with-WLIYW-rectangularBusinesses continue to be confident about the future, but the level of optimism is easing, says the ANZ business confidence survey. Confidence across all regions remains high.

This is seen as continued good news for the vehicle sales sector – also for the transport and heavy equipment industries.

Optimists continue to significantly outnumber pessimists, with a net 40% of firms are optimistic about general prospects, down 3 points on the month prior. Continue reading “The good news continues for auto and equipment industries” »

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