Auckland Airport upgrades don't justify targeted returns, ComCom says

Wed, 31 Oct 2018

By Paul McBeth Nov. 1 (BusinessDesk) - Auckland International Airport's $1.8 billion infrastructure upgrade doesn't justify a 7.06 percent return on its regulated assets during the next five years, the Commerce Commission says. The regulator estimates Auckland Airport will generate an additional $37 million of profit beyond what it considers an appropriate return, but didn't go as far as to call all of those earnings excessive. The commission accepted there were risks associated with the major upgrade, but not enough to warrant the targe...

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