Port of Auckland lease proposal dead

Port of Auckland has committed to higher profit levels over the coming decade. (Image: POAL)

Tue, 07 May 2024

A multi-billion dollar proposal to lease Port of Auckland is dead, replaced by a plan for the port to remain in council control while delivering increased profits.Auckland mayor Wayne Brown suggested the lease option as a way to capitalise a diversified fund, along with the remaining shares held by the council in Auckland International Airport.Under the lease model, Auckland council would have retained the underlying land while the successful bidder would have acquired the right to operate the port business for a set period. Global port op...

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