CHANNEL INFRASTRUCTURE NZ SAYS THE INVESTMENT WILL BE FUNDED THROUGH EXISTING DEBT FACILITIES, WITH WORK TO REPURPOSE TANKS EXPECTED TO COMMENCE IN SEPTEMBER 2026 AND THE PROJECT TARGETED FOR COMPLETION IN Q3 2028, ADDING THAT IT WILL INVEST AN ADDITIONAL NZ$0.7 MLN-NZ$0.9 MLN PER ANNUM IN OPERATING EXPENDITURE.