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2 May 2024 11:30
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  •   Home > News > Business

    A financial review of the Bay of Plenty Regional Council - has lead to it consulting on selling some of its stake in Port of Tauranga

    A financial review of the Bay of Plenty Regional Council - has lead to it consulting on selling some of its stake in Port of Tauranga


    The council owns a 54-percent stake in the port - valued around two billion dollars.

    It intends to keep at least 28-percent.

    Council Chair Doug Leeder says it would create an endowment fund - saying ratepayers are under the pump.

    A decision will be made next June.

    © 2024 Newstalk ZB, NZCity

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     01 May: The Reserve Bank Deputy Governor's issuing a veiled warning about global inflation
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     Today's News

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    Politics:
    Dunedin City Council is challenging the Government over recent upheaval within the disability support sector 9:47


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