Auckland Airport raises capital expenditure forecast to meet future growth

Tina Morrison
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...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Precinct sees solid lease uplift, pays $8.3m in rent relief
Brent Melville | Thu, 18 Aug 2022

The listed property firm has seen its portfolio valuation climb by $400 million to $3.7 million.

Auckland Airport shares fall on weaker forward guidance
Dan Brunskill | Thu, 18 Aug 2022

Auckland Airport today said it expects profit to land somewhere between $50m and $100m, as travel in the Asia Pacific region recovers more slowly than in other parts of the world.

Kiwibank emphasises the 'Kiwi' as it posts record profit
Jenny Ruth | Thu, 18 Aug 2022

Kiwibank grew its business lending by three times the total bank lending growth in the year ended June.

In uncertain times, bricks and mortar hold steady

Can real estate provide a hedge against high inflation? Scott McKenzie, CEO of PMG Funds, talks about why tangible assets can be defensive and how PMG’s latest investment offer will help make the fund more resilient.

Communication the barrier to ‘human firewall’ technology

Communication is the barrier to New Zealand adopting the global Zero Trust cybersecurity strategy, says a new survey.