Auckland council will use airport shares to capitalise future fund

Auckland council will use airport shares to capitalise future fund
The council holds an 11% stake in Auckland International Airport. (Image: Getty)
Staff reporters
Auckland council will transfer its remaining shareholding in Auckland International Airport to a newly established Auckland Future Fund.Auckland mayor Wayne Brown went into the long-term plan (LTP) process, wanting to capitalise on the proposed fund by selling a lease to the Port of Auckland.That option was taken off the table earlier this month, with the port instead promising to return higher levels of earnings over the coming decade and return two central wharves for public use.The council budget committee and governing body met on Thursday...

More Infrastructure

Keith Turner staying as Transpower chair to May
Infrastructure

Keith Turner staying as Transpower chair to May

The 75-year-old energy sector veteran hopes for more time for fishing next year.

Ian Llewellyn 31 Oct 2024
NZTA board discusses Wellington mega-tunnel at critical meeting
Infrastructure

NZTA board discusses Wellington mega-tunnel at critical meeting

Transport Agency on the cusp of announcing its preferred tunnel option.

Oliver Lewis 31 Oct 2024
Fletcher 'in far better shape than expected': Reding
Infrastructure

Fletcher 'in far better shape than expected': Reding

Fletcher Building’s underlying businesses had been operating well, new boss says.

Scott Base rebuild seeks project director
Infrastructure

Scott Base rebuild seeks project director

Antarctica NZ is hiring and says a business case may not be submitted until 2026. 

Oliver Lewis 29 Oct 2024