Port of Tauranga Seeks Fast-Track Approval for Port Development

MT Newswires Live

2025/04/15

Port of Tauranga (NZE:POT) has applied under the Fast-track Approvals Act 2024 to advance the development of the Stella Passage at the Port of Tauranga, according to a Tuesday filing with the New Zealand bourse.

An environmental court granted interim approval for the fast-track in late 2023 and 2024, but the latest decision is under appeal, the filing added.

Port of Tauranga is now seeking to pause the court process in favor of the new fast-track route, the company said.

Shares of the company fell 3% at market close.

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