Auckland Council staff pitch $46m 'special dividend' from Port of Auckland

Port of Auckland has conditionally agreed to sell its stake in Marsden Maritime Holdings. (Image: POAL)

Wed, 30 Apr 2025

Auckland Council staff have proposed a way to bolster the Auckland Future Fund by $46 million, although the proposal would come at the expense of the port and its plans to pay down debt. Details of the plan, which has the support of Auckland Mayor Wayne Brown, were included in a paper prepared for a council meeting on May 1.However, its success is contingent on a transaction further north.In February, Marsden Maritime Holdings (MMH), which owns around 180 hectares of industrial land adjacent to Northport, informed the market it had entered...

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