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22 Nov 2024 2:58
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      Home > News > Local Politics

    A financial review of the Bay of Plenty Regional Council - has lead to it consulting on selling some of its stake in Port of Tauranga

    A financial review of the Bay of Plenty Regional Council - has lead to it consulting on selling some of its stake in Port of Tauranga


    The council owns a 54-percent stake in the port - valued around two billion dollars.

    It intends to keep at least 28-percent.

    Council Chair Doug Leeder says it would create an endowment fund - saying ratepayers are under the pump.

    A decision will be made next June.

    © 2024 Newstalk ZB, NZCity

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