Development of Marsden Pt Port has won the support of National Business Review writer Matthew Hooton and many of his readers whose analysis make it clear Northland local authorities should be focusing on the Marsden rail link as a realistic, genuine and gilt-edged key to regional development.
Writing in the February 25 NBR Hooten repeats his call for Auckland's container operations to be shifted to Marsden Pt and Tauranga over 20 years.
He points out that Auckland makes just $24m a year, or 1.3 per cent return on investment, if its port land is valued at a realistic $1.7 billion as business/residential.
By progressively closing container operations Mr Hooten argues the land could be returned to Aucklanders for "economically rational development".
However he says despite the current financial performance, the Ports of Auckland Ltd (POAL) wants to expand its operations by 18 hectares which would transform Waitemata from harbour to river and cost Auckland ratepayers over $2 billion on new roading, rail and dredging.