CCHL chair: Christchurch can't afford to carry 'underperforming' businesses

CCHL chair: Christchurch can't afford to carry 'underperforming' businesses
CCHL owns more than $5b of assets on Christchurch residents' behalf (Image: CIAL)
Riley Kennedy
The chair of Christchurch City Holdings Ltd (CCHL), Abby Foote, says the city cannot afford to carry “underperforming” businesses.The city council-owned holding company held its first public annual meeting on Friday afternoon, where Foote outlined her thoughts on the future steps for the company.CCHL controls 100% of EcoCentral, Citycare Group, Lyttelton Port Company (LPC) and fibre broadband provider Enable, as well as 75% of Christchurch International Airport Ltd (CIAL) and 89% of lines company Orion. It’s not directly...

More Infrastructure

Work on first seven roads of national significance begins
Infrastructure

Work on first seven roads of national significance begins

The Govt is prioritising 17 Rons as part of its $22b land transport plan.

Swedish-designed, Chinese-built ferries considered for Cook Strait
Infrastructure

Swedish-designed, Chinese-built ferries considered for Cook Strait

KiwiRail went for something else, but Stena's ferries could be back on the table.

Antarctica NZ abandons 'highly risky' Scott Base rebuild plan
Infrastructure

Antarctica NZ abandons 'highly risky' Scott Base rebuild plan

The Crown entity has reset its Antarctic redevelopment plans.

Oliver Lewis 04 Jul 2024
The Great Expectations on Kāinga Ora and KiwiRail
Policy

The Great Expectations on Kāinga Ora and KiwiRail

The Government is continuing to refresh boards and fire up expectations.

Dileepa Fonseka 03 Jul 2024