Mayor Brown takes the port lease off the table and sees a profit of $1.1 billion

On By Vaseline

Auckland Council would have retained the underlying land, while the successful bidder would have acquired the right to operate port operations for a period of time.

A long-term lease for the Port of Auckland is no longer being considered by Auckland Council.

Auckland Mayor Wayne Brown has confirmed that the proposed sale of a long-term lease for the Port of Auckland is no longer being considered.

“We have taken the time to explore all options for the port and test the market. It helped us understand what the opportunities are and what our expectations are

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