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By: Sam Thompson | Latest Christchurch News | Sunday May 6 2012 19:43
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Calls for the Christchurch City Council to sell assets to help fund the city's rebuild are being labelled short sighted. The Canterbury Employers Chamber of Commerce is urging the council to sell assets such as shares in the Lyttelton Port Company, Orion Energy and the Airport. The Council of Trade Unions spokesman Marty Braithwaite says in the last financial year council owned assets returned $77 million in dividends. He says the chamber is capitalising on the Government's philosophical view that assets can be sold off and cash realised. Mr Braithwaite says he's sure the chamber is looking at this as a way of saving money. He says these assets return good dividends to the city and to sell them off in the wake of the earthquake defies belief. Photo: Getty Images |
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