Brief: Channel Infrastructure NZ Signs New Jet And Diesel Storage At Marsden Point
28/08/2026 01:28
BRIEF-Channel Infrastructure NZ Signs New Jet And Diesel Storage At Marsden Point Aug 28 (Reuters) - Channel Infrastructure NZ Ltd CHI.AX:
SIGNS NEW JET AND DIESEL STORAGE AT MARSDEN POINT
15-YEAR CONTRACT WITH BP FOR SIGNIFICANT ADDITIONAL JET AND DIESEL FUEL STORAGE AT MARSDEN POINT ENERGY PRECINCT
CONTRACT EXPECTED TO GENERATE NZ$130 MILLION OF REVENUE OVER ITS INITIAL 15-YEAR TERM
INVESTMENT WILL BE FUNDED THROUGH EXISTING DEBT FACILITIES
WORK TO REPURPOSE TANKS IS EXPECTED TO COMMENCE IN SEPT 2026, WITH PROJECT TARGETED FOR COMPLETION IN Q3 2028
WILL INVEST AN ADDITIONAL NZ$0.7 MILLION TO NZ$0.9 MILLION PER ANNUM IN OPERATING EXPENDITURE
Further company coverage: CHI.AX
((Reuters.Briefs@thomsonreuters.com;))
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