Thursday, 27 October, 2022 - 08:43Auckland Mayor Wayne Brown has advised foreign port operators and their investment partners not to waste their investors’ funds on proposals to take control of Auckland’s waterfront port land, either by purchase or long-term lease. Mr Brown was responding to reports in the NZ Herald this morning that Dubai-based DP World and Montréal-based CDPQ were interested in taking long-term control of the land. "There are no circumstances in which the Auckland Council Governing Body would ever agree to sell the port land or enter into a lease agreement that would lock it into used-car and container port operations for decades - and it is well known I am utterly opposed as Mayor," Mr Brown said. "I have had very constructive discussions on the future of the port land with incoming councillors, Prime Minister Jacinda Ardern, Local Government Nanaia Mahuta and Auckland Central MP Chlöe Swarbrick and expect to report progress in the coming months." Last week, Mr Brown wrote to Ports of Auckland outlining his short- and medium-term expectations for the 100% Auckland Council-owned company.

Source: New Zealand Herald October 26, 2022 20:21 UTC