Auckland mayor Wayne Brown says airport capital-raising is 'inevitable'

Auckland mayor Wayne Brown says airport capital-raising is 'inevitable'
Auckland mayor Wayne Brown made the comments about a capital-raising by Auckland Airport during a council meeting. (Image: NZME)
Oliver Lewis
The New Zealand stock exchange's regulatory arm has halted trading in Auckland Airport shares after mayor Wayne Brown publicly speculated about an "inevitable" capital raise. The airport, a publicly listed company on the NZ stock exchange, hasn’t updated the market to that effect, although its multibillion-dollar capital programme has been well traversed over much of the past decade. Brown commented on the prospect of a capital raise during discussions about his proposed budget at a council meeting on Thursday.The...

More Infrastructure

Opening day congestion for untolled Penlink highway – NZTA
Infrastructure

Opening day congestion for untolled Penlink highway – NZTA

The road should be redesigned if the Government chooses not to toll, agency said.

Oliver Lewis 26 Jul 2024
Downtown car park building legal challenge 'resolved'
Infrastructure

Downtown car park building legal challenge 'resolved'

Society challenging the sale to Precinct raised 0.4% of its High Court funding target.

Oliver Lewis 25 Jul 2024
Govt to fight receivers over $30m Tui oil field tax credit
Infrastructure

Govt to fight receivers over $30m Tui oil field tax credit

Crown bid to have liquidators cover decommissioning costs is subject to approval.

Victoria Young 24 Jul 2024
Govt agrees 'in principle' to $10b worth of Northland roading PPPs
Infrastructure

Govt agrees 'in principle' to $10b worth of Northland roading PPPs

The Northland expressway project could be one of the first PPPs out of the gate.

Dileepa Fonseka 23 Jul 2024