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23 Oct 2019 19:07
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  •   Home > News > Local Politics

    Hawke's Bay Regional Council has given the green light to partially privatising Napier Port

    Hawke's Bay Regional Council has given the green light to partially privatising Napier Port


    It's through an Initial Public Offer, and subject to pricing and market conditions.

    The Council says a final decision on conditions will be made next month.

    Council chair Rex Graham says the 45 per cent initial offer will deliver the funds to let the Port to invest in future growth - while protecting ratepayers from the costs.

    The port needs a new wharf - estimated at 170 to 190-million-dollars - expected to be completed by 2022.

    © 2019 Newstalk ZB, NZCity


     Other Local Politics News
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     16 Oct: Queenstown's mayor says a late winter is behind snowballing tourist numbers
     14 Oct: former Christchurch City Councillor.Deon Swiggs has welcomed a call, from one of the complainants against him to particpate in the Code of Conduct process
     14 Oct: Christchurch's mayor is defending earthquake recovery work in the eastern suburbs
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