Asset sales will struggle to net $5 billion, says Key

Mon, 16 Sep 2013

Sept. 16 (BusinessDesk) – The government’s asset sales programme risks raising less than the $5 billion lower end of its target range for proceeds, Prime Minister John Key said today. The policy has been sold for its ability to raise between $5 billion and $7 billion to help fund investments in public infrastructure, but weakness in the electricity market, threats of major policy change with a change of government and lukewarm investor appetite mean the bottom of that range may not be met. “We are trying hard to get there,” said Key of the $...

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