Lyttelton Port of Christchurch (LPC) plans to invest more than NZ$1bn ($823.5m) over the next 20 years to expand its port facilities, including developing cafes in the inner harbour and increasing public access.
Of the total expenditure, the port will begin a NZ$465m ($382.9m) earthquake reinstatement and development plan in November.
As per the plan, the company will reclaim a land on the eastern side of its facility towards Te Awaparahi Bay at a cost of around NZ$400 ($329.40m)-NZ$500m ($411.7m) in order to allow better public access for the inner harbour.
LPC CEO Peter Davie was quoted by stuff.co.nz as saying that as the port pushed east, it would be able to move cargo handling facilities away from the township.
"’In time [we can] develop the inner harbour into something accessible for the wider community both for Lyttelton and for Canterbury and developing a marina in there as well so that yachts and visiting launches have somewhere to go," Davie added.
The company also plans to remove a breakwater at the western side of the inner harbour and redevelop the Gladstone Pier to allow entry of large cruise ships in the area.
This process would be completed by the summer of 2015-16, claims the company.
LPC chairman Trevor Burt said the report work on a third of Cashin Quay would cost about NZ$50m ($41.17m) and be part of that much larger NZ$465m ($382.93m) total to be spent between now and 2018.