Corporate

Napier wharf cost increase reinforces case for IPO

Hawke’s Bay Regional Council says an increased cost estimate for a new wharf at Napier Port reinforces its decision to seek outside capital for the business.

The port, wholly-owned by the council, has approved the business case for the wharf extension which is now expected to cost $170-$190 million. That is up from the $142 million expected last

TO READ THE FULL STORY ON NEWSROOM PRO

SUBSCRIBE TO PRO

Subscribe now to start a free trial of Newsroom Pro for 28 days.

View our subscription options

Comments

Newsroom does not allow comments directly on this website. We invite all readers who wish to discuss a story or leave a comment to visit us on Twitter or Facebook. We also welcome your news tips and feedback via email: contact@newsroom.co.nz. Thank you.

PARTNERS