Councils shouldn't be running our ports

We can learn lessons from Napier Port's mixed ownership model. (Image: Napier Port)

Wed, 12 Oct 2022

Just over two years ago, Napier Port listed on the New Zealand stock exchange (NZX). The port’s owner, the Hawke’s Bay Regional Council, sold 45% to provide a capital injection, allowing the port to make a $190 million investment in a new 350-metre-long container wharf. The wharf, somewhat miraculously for any major infrastructure project, was finished in July, on time and on budget. The regional council provided Napier Port with $110 million of capital, invested $100 million into a long-term future fund for the region, an...

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