Port of Tauranga capital review looms closer as capex 'bubble' draws to close

Thu, 18 Feb 2016

By Jonathan Underhill Feb. 19 (BusinessDesk) - Port of Tauranga has confirmed a review of its capital structure is planned for 2017, by which time New Zealand's biggest port operator will be over the hump of its spending programme and able to contemplate options such as a return to shareholders. The company will have completed a five-year, $350 million capital expenditure programme in 2017, including dredging its shipping lanes to accommodate larger ships, adding cranes, straddle carriers and tugs, expanding its wharf and marshalling are...

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