Auckland Port Mulls Sale

 18 May 2017     Port Governance, Port Planning, Ports, Shipping

Auckland Mayor Phil Goff has said that Ports of Auckland’s future has been under discussion, according to Newsroom.co.nz.

Council-owned company Ports of Auckland operates a large container terminal and a cruise port.

It has said that Mayor Goff re-launched enquiries into splitting its land from its operating company.

Whether the operating company or the land is the subject of discussions is not known.

Reclaimed land the port holds was previously valued at up to US$451 million while the operating company was valued at $0.75 billion.

Industrial action at the port in 2011 was one reason Maersk Line planned to reroute one of its container services away from the port.

Ports of Auckland discussed moving it to where it could spread out more at an estimated to cost $5.5 billion.

But its plan to expand to accommodate megaships proved controversial.

Mayor Phil Goff said: "I've made no decisions about the port's long term future as yet, but intend to make progress on this matter over the course of this term."

Technical Paper: Successful Public-Private Partnerships in Ports Infrastructure Projects