Auckland Airport raises capex forecast by as much as 27% to meet passenger growth

Thu, 22 Oct 2015

By Fiona Rotherham Oct. 22 (BusinessDesk) - Auckland International Airport expects capital expenditure to be as much as 27 percent more than earlier guidance, in what will be its biggest annual spend in over a decade, as it experiences strong growth, especially in tourism and property. The airport told shareholders at its annual meeting in Auckland today that it expects capital spending of between $230 million and $260 million in the 2016 financial year, ahead of an earlier forecast of between $190 million to $205 million, and about $148...

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