The government could have chosen another path, such as converting debt into equity or underwriting the rights issue itself.
The new Ports of Auckland CEO says it's hard to appreciate how tough it's been in Auckland unless you live in the city. BusinessDesk spoke to Roger Gray as he steps into arguably one of Auckland's least forgiving jobs.
Two Auckland mayoral candidates support light rail, two are against, and one has "reservations".
A final business case for Auckland light rail isn't due until 2024, after the next general election.