Partial listing for Napier Port mooted as way to fund wharf expansion

Wed, 13 Dec 2017

By Paul McBeth Dec. 13 (BusinessDesk) - Partially listing Napier Port is among the options on the table for Hawke's Bay Regional Council as it considers how it's going to pay for a $125 million expansion of the transport hub's wharf. The port operator this week declared a record profit of $16.7 million in the September 2017 year and announced it's seeking resource consent for a 350-metre wharf to be constructed on its existing seawall, which would cater to bigger cruise ships and freight vessels. However, the port can't fund that without...

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