$60m interchange delivers regional benefit

The Rangiuru Business Park is majority-owned by Quayside Properties Limited, a whollyowned subsidiary of Quayside Holdings Limited, the investment arm of Toi Moana Bay of Plenty Regional Council.

The latest step in the Rangiuru Business Park motorway interchange is now complete.

On August 28, 29 and 30, the Tauranga Eastern Link was closed on both sides, to facilitate the safe installation of eight large interchange beams.

Each beam 33.1m in length and weighing approximately 65T, were installed onto columns straddling the TEL.

These works were one part of a motorway interchange project which commenced in October 2022 and is expected to be open in late 2024.

“This is a key piece of infrastructure that will link the Park to the motorway and the wider region - a visual signifier of the notable progress for the project,” says a statement released on behalf of the project.

The interchange is expected to be open in late 2024. 

As the lead developer for the Rangiuru Business Park, Quayside is managing and funding the $60m interchange required to access the TEL.

Confirmation of an $18m contribution from the Provincial Growth Fund in 2020 provided the seed capital to start the business park and motorway interchange.

“This vital piece of infrastructure and considerable investment into the region, connects future residential development in the East, with the business park in the West. At the time of writing, the interchange will be vested to Waka Kotahi upon completion.

“The Golden Triangle is the engine room of Aotearoa, New Zealand’s economy and it is vital that investment into our region’s infrastructure is fast-tracked to increase accessibility, resilience and economic growth.

“The role of Central Government investment in our region's core infrastructure plays a critical role in unlocking the Bay of Plenty’s economic potential.”

Situated in the heart of the Bay of Plenty, the Rangiuru Business Park is connected by road, rail and sea.

Just 30km from the Port of Tauranga, three hours to 50 per cent of NZ’s population in Auckland and adjacent to rail networks linking the wider Bay of Plenty. 

The Park comprises 148 hectares of consented industrial land, to be developed over four stages.

Quayside Holdings property GM Michael Jefferies says  this development meets the shortfall in high-quality industrial land close to the Port of Tauranga.

“The proximity and established multimodal transport links providing wider regional accessibility between Tauranga, Whakatāne, Te Puke, Kawerau and Rotorua offer huge opportunities.”  

The Park is being developed in consideration and support of regional growth strategies (SmartGrowth, Future Development Strategy, Tauranga Transport Plan, Tauranga Urban Strategy, Bay of Connections Growth Strategy, UFTI, etc), as well as taking into account the needs of local businesses.

“The Western Bay of Plenty is a popular place for businesses to locate themselves, and we have seen strong growth in our local business community in recent years,” says Priority One chief executive Nigel Tuff.

“Industrial land is sought after to meet future demand and to provide additional choice for developers and businesses.

“The location of Rangiuru means it is well served to cater to demand on the Eastern side of our city.”

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