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IA Welcomes Sale Of Westhaven Marina

Thursday, 15 April 2004, 11:15 am
Press Release: Infrastructure Auckland

Statement made by John Robertson, Chairman, Infrastructure Auckland

Infrastructure Auckland (IA), owner of 80% of the shares in Ports of Auckland Limited (POAL), welcomes the announcement by POAL this morning that the tender process for the Westhaven Marina has been successfully concluded.

Auckland’s transport and stormwater infrastructure will benefit from anticipated dividend payments arising from this transaction made to Infrastructure Auckland.

This is a good outcome for all shareholders, for the company and for the region’s urgent need to attend to its infrastructure shortcomings.

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