The Campaign against foreign control of Aotearoa has a new post on their blog detailing their views on the Productivity Commission’s inquiry in freight and logistics, including ports.
CAFCA analyses Productivity Commission
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Selling the port still doesn’t float
Alasdair Thompson of the Employers and Manufacturers Association (Northern) could be forgiven his sentimental journey down memory lane with the election of the National Government. Continue reading
NZ Herald: MPs worried by port review
A review of the capital structure of Ports of Auckland is proving controversial even before options are recommended to its public owners.
NZ Herald: Should the ARC sell its stake in Ports of Auckland?
The prospect of New Zealand’s largest port operation being sold to private owners has been raised as a result of the global economic situation.
NZ Herald: Profit plunge sparks talk of city’s port sale
The prospect of New Zealand’s largest port operation being sold to private owners may be explored as a result of the global economic situation. Continue reading
“Key South Island Ports looking to join for sustainable future”
Joint statement from Port Otago Limited Chairman, John Gilks and Lyttelton Port Company of Christchurch Chairman, Rodger Fisher, 30 October 2008
Lyttelton sale rejected
The Otago Daily Times reports:
The Otago Regional Council has rejected a suggestion Port Otago sell its 15.5% stake in rival Lyttelton Port Company, worth about $35 million, in preferance to borrowing $37.5 million to fund Dunedin’s proposed stadium.
Government limits foreign stakes in South Island assets – including ports
The Press reports that foreign investors seeking a major stake in key South Island assets such as port companies and airports are likely to be blocked under new rules to protect strategically important infrastructure.
The Government moved late on Monday to effectively block the sale of Auckland International Airport to the Canadian Pension Plan Investment Board (CPPIB) by instituting a new national interest clause in legislation governing foreign ownership of major assets on sensitive land. Continue reading
CAFCA congratulates Government – But Don’t Stop Now
The Campaign Against Foreign Control of Aotearoa (CAFCA) congratulates the Government for its moves this week to prevent strategic assets on sensitive land from being sold into foreign ownership.
Christchurch City Council pressing on with selling Lyttelton Port Company? Quiet and ominous moves behind the scenes
The Keep Our Port Public (KOPP) coalition notes with alarm the fact that Christchurch City Holdings Ltd (CCHL), holding company for the Christchurch City Council’s trading assets, has been quietly buying up shares in the Lyttelton Port Company (LPC) and has passed the significant mark of 75% ownership. Continue reading