Auckland Transport assets jump $1.4b

Thu, 01 Oct 2020

Auckland Transport has pushed net assets up by $1.4 billion to $21.1 billion, on the strength of new infrastructure investment and a $656 million valuation increase across its property and plant assets.The city's largest council controlled organisation managed against the uncertainty of green, amber and red covid traffic lights to lift its pre-tax surplus by $28 million above budget to $760 million, due to higher than budgeted asset revenues of $91 million and higher than expected operational funding from the NZ Transport Agency, known as W...

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