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...

More Infrastructure

Court funding miss ‘undermines market confidence’
Finance

Court funding miss ‘undermines market confidence’

Plenary and Infrastructure NZ wrote to ministers over PPP ‘disappointment’.

Oliver Lewis 17 Sep 2025
The 'little thing' Infratil brings to its investments
Infrastructure

The 'little thing' Infratil brings to its investments

CEOs may not like it, but the returns are undeniable.

Auckland housing project withdrawn from fast-track
Policy

Auckland housing project withdrawn from fast-track

The developer plans to lodge a fresh application after draft decline.

Oliver Lewis 16 Sep 2025
150 years of infrastructure spending going ‘boom’
Infrastructure

150 years of infrastructure spending going ‘boom’

We actually spend a lot more on infrastructure than you might think.