Port: ‘The future is bright’

Port Taranaki says its future is bright, despite an economist giving a gloomy appraisal of its fortunes.

The port has issued a statement following a hearing looking into a proposal by Seaport Land Company (SLC) to turn New Plymouth’s cool stores, in Moturoa, into cafes, housing, and hotels.

An economist speaking for SLC gave a ‘‘dismal projection’’ for activity at Port Taranaki during last week’s two-day hearing.

Dylan James said activity at the port, which neighbours the former cool stores site, was not expected to increase and ‘‘based on forecasts we present it’s expected to decline’’.

The port, which is owned by the Taranaki Regional Council, opposes the cool stores proposal, but will not give evidence until the hearing is reconvened later this month.

Port Taranaki said its own forecasts were very positive.

‘‘The future is bright, with a range of trade, shipping, and potential new energy developments on the horizon that will ensure the port continues to be a vital economic asset for the region.

‘‘There has been recent investment and activity in the oil and gas industry that will improve supply and longevity; a new coastal shipping service has been announced that will link Taranaki with other regional ports; and a trans-tasman shipping service has been announced that will link Taranaki directly with Australia.’’

There is also a lot of interest in renewable energy projects.

‘‘As New Zealand’s premier energy port, Port Taranaki believes it has a key supporting role to play as the world transitions to a net-zero carbon future.

‘‘Port Taranaki has been in discussions with offshore wind developers about how the port can support the construction and ongoing maintenance of these developments, and the potential for the associated production of other energy products, such as hydrogen.’’