Councils shouldn't be running our ports

Councils shouldn't be running our ports
We can learn lessons from Napier Port's mixed ownership model. (Image: Napier Port)
Jonathan Hill
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...

More Infrastructure

NZTA estimated 14 roads could cost $22.5b to $32b
Infrastructure

NZTA estimated 14 roads could cost $22.5b to $32b

Agency has published figures leaked to the media earlier this year.

Oliver Lewis 15 Nov 2024
Antarctica NZ confirms cuts to Scott Base rebuild team
Infrastructure

Antarctica NZ confirms cuts to Scott Base rebuild team

Several roles have been eliminated as part of a project reset.

Oliver Lewis 14 Nov 2024
Fletcher finalises industry response to pipe problem
Infrastructure

Fletcher finalises industry response to pipe problem

Fletcher Building said today it had finalised an industry response to its Iplex pipes division issue.The building materials giant has faced a number of product quality complaints relating to a hot and cold water polybutylene pipe product it previously manufactured.Its proposed se...

Victoria Young 13 Nov 2024
New PPP ‘blueprint’ launched
Finance

New PPP ‘blueprint’ launched

The Government is releasing a “refreshed blueprint” on the use of public-private partnerships to deliver infrastructure projects.Infrastructure Minister Chris Bishop said this followed extensive engagement by the Infrastructure Commission with Treasury, other public sector agenci...

Staff reporters 13 Nov 2024