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23 Oct 2019 17:39
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  •   Home > News > Business

    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 Business News
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     23 Oct: Botched assassination plot sees Chinese hitmen wheel and deal their way to prison
     23 Oct: A concerning time for Southland's Tiwai aluminium smelter employees
     23 Oct: Auckland Airport is still weighing up the impact of this morning's Air New Zealand announcement
     23 Oct: Closing Southland's Tiwai aluminium smelter is back on the cards
     23 Oct: The owners of the Tiwai aluminium smelter have announced a strategic review of the operation - including the option of closure
     22 Oct: Auckland Transport has unanimously approved slower speeds on some central Auckland streets
     Top Stories

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    England is about to front media again ahead of their Rugby World Cup semi final against the All Blacks More...


    BUSINESS BUSINESS
    The potential closure of a Southland aluminium smelter has sucked 1.5 billion dollars from the value of Kiwi power companies More...



     Today's News

    Business:
    The potential closure of a Southland aluminium smelter has sucked 1.5 billion dollars from the value of Kiwi power companies 17:27

    Entertainment:
    Miley Cyrus is on "vocal rest" after her hospital stay 17:06

    Netball:
    The Silver Ferns feel they're in the midst of a new era in New Zealand netball 16:57

    Rugby League:
    Hooker Brandon Smith's excited to see his new teammates begin their journey in the Kiwis jersey 16:47

    Living & Travel:
    Mental health concerns increasingly common among young Australians, report finds 16:47

    Entertainment:
    Prince Harry and Prince William have "good days and bad days" 16:36

    Rugby League:
    The Kiwis will be doing it for their mate when they take the field against the Kangaroos in Wollongong on Friday 16:27

    Business:
    Botched assassination plot sees Chinese hitmen wheel and deal their way to prison 16:07

    Entertainment:
    Prince Harry and Duchess Meghan's son Archie is "so chatty" 16:06

    Rugby:
    England is about to front media again ahead of their Rugby World Cup semi final against the All Blacks 15:47


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