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Is selling the Ports of Auckland's lease a good idea?

Author
Newstalk ZB,
Publish Date
Wed, 29 Nov 2023, 7:21AM
Photo / NZ Herald
Photo / NZ Herald

Is selling the Ports of Auckland's lease a good idea?

Author
Newstalk ZB,
Publish Date
Wed, 29 Nov 2023, 7:21AM

It’s believed that more thought needs to go into the Auckland Mayor's plans to sell the long-term lease of the Ports of Auckland. 

Wayne Brown is putting forward two options for the port in his proposed 10-year budget, which also includes a rates rise of 7.5%.  

He proposes either keeping the business and gradually releasing land for public use or selling the lease to raise up to $3 billion.  

Auckland Councillor Wayne Walker told Tim Dower that the port does bring in a good amount of income.  

He says they've been told it could be returning $2 million a week, which it's on track to do, as it's returning a million a week now. 

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