Auckland Airport raises capital expenditure forecast to meet future growth

Wed, 21 Oct 2015

By Tina Morrison Oct. 22 (BusinessDesk) - Auckland International Airport, the country's biggest gateway, raised its forecast for annual capital expenditure to enable it to better cater for future growth. The airport company expects capital spending of between $230 million and $260 million in the 2016 financial year, ahead of its earlier forecast of between $190 million to $205 million, and about $148 million in 2015, it said in a statement. Some $135 million of capex is earmarked for aeronautical projects to upgrade and expand its termina...

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