'Capital-constrained': Tarras airport, Lyttelton port expansion face challenges

Christchurch Airport's Tarras plan is one of the CCHL projects in doubt.(Image: NZME)

Fri, 09 Feb 2024

Undertaking new projects like the controversial Tarras airport development or an expansion of Lyttelton port has become significantly harder – potentially insurmountable – after a call by Christchurch councillors last year.The Christchurch city council, which, like all local authorities, is grappling with the prospect of double-digit rate rises, has the largest asset base of any council in New Zealand. Those assets are held by the council's commercial arm, Christchurch City Holdings Limited (CCHL).CCHL controls assets worth more...

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