Auckland’s Ports are remaining in the Council’s hands.
They’re expected to bring in $1.1 billion in profits over the next ten years, more than would be made by selling.
CEO Roger Gray told Mike Hosking that they’ve already seen a turn around when it comes to profits, and they’re confident they can deliver what the city needs.
He said the advantage of the Port of Auckland is that it’s predominantly an import port, so they’re not subjected to as much of the export vagaries of the market and world.
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