Under the National Land Transport Programme (NLTP), the New Zealand government has committed to allocate $30 million of funding for coastal shipping. The funds will be used to improve domestic shipping services, reduce emissions, improve efficiency and upgrade maritime infrastructure.
According to Transport Minister of New Zealand, Michael Wood, “Coastal shipping is a small but important part of the New Zealand freight system, which is why the Government is investing in making coastal shipping a more viable alternative to strengthen and diversify our domestic supply chain, helping to secure New Zealand’s recovery from COVID-19. As a lower emissions transport mode, investing in coastal shipping will also help us achieve our decarbonisation goals,” Michael Wood said.
The Government has committed $30 million of funding for coastal shipping funding through the National Land Transport Programme (NLTP) to improve domestic shipping services, reduce emissions, improve efficiency and upgrade maritime infrastructure.
The government is working with the wider freight industry (NZ Shipping Federation, Port Company CEO Group, National Road Carriers, KiwiRail, and Te Manatū Waka – Ministry of Transport, to select four applicants for co-investment in new and enhanced coastal shipping services through the NLTP.
The four preferred suppliers are:
Coastal Bulk Shipping Ltd
Move International Ltd
Swire Shipping NZ Ltd
Westland Mineral Sands Co (2022) Ltd “With the freight industry’s support, these additional services will help to resolve immediate challenges to the coastal shipping and the wider freight sector, address some of the current issues facing the international and domestic supply chains and provide a platform for future growth across all modes with increases in capacity and capability for both new and existing bulk materials and containerised cargo,” Michael Wood said.
