New Zealand Refining has been granted resource consent to dredge the entrance to Whangarei Harbour, something it says will let larger crude cargoes of around 1 million barrels to be shipped to Marsden Point. As part of the consent the company will be making the following payments to a ‘Kaitiaki Group’:
- An initial payment of $150,000 (plus GST, if any) – to the ‘Initial Kaitiaki Fund’
- Ten annual payments of $50,000 each (plus GST, if any), with the first payment to be made within six months of completion of the capital dredging authorised by the resource consents - to the ‘Ongoing Kaitiaki Fund’;
- Ten annual payments of $50,000 each (plus GST, if any), with the first payment to be made within six months of completion of the capital dredging authorised by the resource consents - to the ‘Poupouwhenua Fund’.