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8 May 2024 6:02
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      Home > News > Local Politics

    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

     Other Local Politics News
     06 May: Police are still hunting a person suspected of shooting a man dead on Auckland's Ponsonby Road about 10.15 last night
     06 May: The Chief Executive of Upper Hutt City Council is apologising after a number of mistakes were found in its draft long term plan
     05 May: Award-winning Maori musician Ria Hall has announced she's running for the Tauranga mayoralty
     05 May: Local Government New Zealand wants the coalition government to seriously consider returning the GST charged on rates, back to councils
     02 May: Nelson City Council-owned properties at risk from landslips, are up for sale
     02 May: Dunedin City Council is challenging the Government over recent upheaval within the disability support sector
     29 Apr: Cantabrians are about to have the opportunity to discuss their regional council's 10 year plan
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