NZL Group says it is a step closer to re-establishing a presence at the Port of Tauranga, despite strong opposition.
The logistics company plans to operate a container terminal at Sulphur Point, by 2010.
However the Port Company says the announcement is premature and several important contractual issues need to be resolved.
NZL director Ken Harris says the new terminal will be operational by next year and will offer an alternative option for port users.