Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search


Council Opposition To Airport Share Sale Dismays

Media Release 9 March 2000

Business dismayed Council oppose sale of Airport shares

“The Employers & Manufacturers Association (Northern) is dismayed that the Auckland City Councillors cannot reach agreement to sell the airport shares and agree a sound policy for the investment of the proceeds,” says EMA Chief Executive, Alasdair Thompson.

“Six out of ten submitters to the Council’s strategic plan have urged the Council to sell its shares.

“The EMA does not consider that ownership of shares in a business such as Auckland International Airport is in the interests of residents and ratepayers. Councils are not investment companies and they should not be in that business. They should not be taking risks with ratepayers funds in one large investment like this.

“The ownership of these shares is inconsistent to the purpose and mission statement of the city as outlined in its Vision 2020 draft strategic plan.

“Neither is it appropriate to set up community investment trust with the proceeds to replicate the responsibilities of Infrastructure Auckland.

“To be consistent with the city vision, they should sell the Auckland International Airport shares and use the proceeds to repay public debt which stood at $235 million, including $70 million for Metrowater as at 30 June 1999. Another appropriate investment use of the proceeds would be to invest in infrastructure, particularly stormwater and transport solutions demonstrating the highest benefit or return.

For further comment contact: Alasdair Thompson
Phone Business (09) 367 0911
Home (09 303 3951
Mobile 025 982 024

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Bridges’ ‘Meth Crooks’ Leadership Failure

Back in June, Bridges publicly accepted that Housing NZ had got it wrong, and that the National government had acted upon bad advice.

Now, you’d think this admission would create a broad bi-partisan basis for compensation to those families who had been unfairly evicted, at considerable cost and emotional distress. Some people had lost their possessions in trying to meet the expense of the upheaval.

Not everyone felt so compassionate. More>>


Multimedia & Transcript: Acting PM's Press Conference

Winston Peters, Acting Prime Minister while Jacinda Ardern is in New York for the UN Leaders' Week, held a short press conference Monday after chairing this week's cabinet meeting. More>>

General Assembly: Ardern Rejects Trump Call For War On Drugs

New Zealand will not be signing the United States' document calling for global action on the war on drugs, Prime Minister Jacinda Ardern says. Ms Ardern is in New York for the United Nations General Assembly this week, along with about 140 other world leaders. More>>


Pay Equity: Cabinet Funds Deal For Oranga Tamariki Social Workers

The Minister said that an agreement in principle has been reached between Oranga Tamariki and the PSA on a settlement worth $114.6m over five years. More>>


Hunting v Pest Control: Tahr Control Needed To Protect Alpine Habitats

A cull of introduced Himalayan tahr browsing conservation land in Kā Tiritiri o Te Moana/ the Southern Alps is needed to protect special alpine plants and their habitats, Conservation Minister, Eugenie Sage said. More>>


Protest At Sea: Judge Discharges Greenpeace Activists

The judge today discharged Norman and Howell without conviction, saying the cumulative consequences of a conviction would be out of proportion to what was “low level” offending off the Wairarapa coast in April 2017. More>>


No Reshuffle: Meka Whaitiri Removed As A Minister

Meka Whaitiri will be removed as a Minister with immediate effect... The decision was made after receiving a report into an incident that occurred on 27 August in Gisborne, involving Meka Whaitiri and one of her staff. More>>





InfoPages News Channels