Lyttelton Port to invest $821m in Te Awaparahi Bay expansion
Lyttelton Port Company is launching an $821 million expansion project in Te Awaparahi Bay to build a new deepwater wharf and container terminal. The project aims to address aging infrastructure and accommodate larger container ships to secure the future of South Island trade.
Why it matters
This major infrastructure investment is critical for maintaining the economic competitiveness of the South Island and ensuring the port can handle modern shipping demands.
Lyttelton Port Company is investing $821 million in a new wharf and container terminal at the South Island’s largest port.
The Te Awaparahi Bay Expansion and Resilience Project will deliver a 388m deepwater wharf with four new ship-to-shore cranes, future berth capacity and a 5ha container terminal.
The project will be funded through debt and equity from Christchurch City Holdings Limited (CCHL).
Lyttelton Port Company (LPC) chairman Barry Bragg said the investment “marked a significant step for the port, Christchurch and the South Island economy”.
“We’ve spent the last decade rebuilding and strengthening the port. Today’s announcement is about creating the capacity, resilience and capability needed for the next generation of South Island trade,” Bragg said.
CCHL chairman Bryan Pearson said the board’s decision to approve LPC’s major transaction followed “due diligence into the project’s strategic need, business case, funding pathway and long-term benefits”.
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