Port of Auckland targeting $85m profit, plans upgrades

Port of Auckland targeting $85m profit, plans upgrades
Port of Auckland is about to start a major dredging programme. (Image: POAL)
Oliver Lewis
Amid ongoing debate about its ownership, Port of Auckland is embarking on a major capital works programme to futureproof its operations.As part of the long-term plan (LTP) process, Auckland council intends to consult the public on whether to sell a 35-year operating lease to the port business while retaining the underlying land, as well as a proposal for the council to buy back the Marsden and Captain Cook wharves.In an interview with BusinessDesk, Port of Auckland (POAL) chief executive Roger Gray said the company had put plans for a cruise sh...

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