Channel Infrastructure's NZ shares climb as government commits funds for diesel storage expansion

Channel Infrastructure NZ

02/04/2026 01:34

** Shares of Channel Infrastructure NZ CHI.NZ rise as much as 1.7% to NZ$2.99, set for a third consecutive session of gains, if current trend holds

** Co says the New Zealand government commits NZ$21.6 million ($12.42 million) to the rapid expansion of diesel storage at CHI's Marsden Point in the North Island

** Says funding will support company facility to increase diesel storage by roughly 90 million litres

** ASX-listed shares of Channel Infrastructure NZ CHI.AX up 0.4% at their highest level in one week

** Stock up 2% this year, including the day's move

($1 = 1.7394 New Zealand dollars)

 (Reporting by Roushni Nair in Bengaluru)

 ((Roushni.nair@thomsonreuters.com))