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


Auckland Majority Votes "NO" Airport Shares Sale

Auckland City Council

Auckland City’s shares in Auckland International Airport Limited are not going on the market - yet.

A move to revoke the council’s August decision to defer a decision on selling until after the Strategic Plan Review was defeated by a majority vote at tonight’s council meeting.

Cr Gray Bartlett had offered a substitute resolution that the council’s shares be sold in conjunction with the sale of the shares owned by North Shore City Council at a price to be agreed.

An amendment added that the proceeds of the sale would be placed in a separate account for the council until the council decided how best to spend it. Infrastructure or transport systems were among suggestions for an estimated $60 million Auckland City’s shares would realise.

The alliance proposed with North Shore City - and possibly Manukau City - would give the three councils the extra "clout" of holding more than 43% of the shares.

Several councillors gave strong support to the sale, agreeing with Cr Bartlett that if the council held off selling, the returns may not be as good.

Others held the opposite view, that it is better wait for the Strategic Plan Review to identify the areas for expenditure rather than sell then decide how to allocate the returns.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Veronika Meduna: The Kaikoura Rebuild

A Scoop Foundation Investigation

Friday will be a big day for people north of Kaikōura – and for hundreds of construction workers who are racing to reopen State Highway 1 in time for the holiday season.

By the afternoon, the South Island’s main transport corridor will be open to traffic again, more than a year after a magnitude 7.8 earthquake mangled bridges and tunnels, twisted rail tracks and buried sections of the road under massive landslides. More>>


BPS HYEFU WYSIWYG: Labour's Budget Plans, Families Package

“Today we are announcing the full details of the Government’s Families Package. This is paid for by rejecting National’s tax cuts and instead targeting spending at those who need it most. It will lift 88,000 children out of poverty by 2021." More>>


Gordon Campbell: On Defence Spending, Alabama, And Dolly Parton

The spending lavished on Defence projects to meet the risks that could maybe, possibly, theoretically face New Zealand in future is breath-taking, given how successive governments have been reluctant to spend even a fraction of those amounts on the nation’s actual social needs. More>>


Members' Bills: End Of Life Choice Bill Passes First Reading

The End of Life Choice Bill in the name of David Seymour has been sent to a select committee for consideration by 76 votes to 44. It is the third time Parliament has voted on the issue in recent decades and the first time such a Bill has made it over the first hurdle. More>>


State Sector: MPI Survives Defrag Of Portfolios

The Ministry for Primary Industries will not be split under the new government, but will instead serve as an overarching body for four portfolio-based entities focused on fisheries, forestry, biosecurity and food safety. More>>


Gordon Campbell: On Vulnerable Kids, RNZ Funding, And Poppy

The decision to remove the word ‘vulnerable’ from the Ministry for Vulnerable Children could well mark a whole shift in approach to the care of children in need... More>>





Featured InfoPages