29 Nov 2023

Mayor Brown to consult Aucklanders on possibility of leasing port

From Midday Report, 12:16 pm on 29 November 2023

First it was selling off Auckland Airport shares - now Auckland's mayor has a new money-raising plan to lease out the city's port.

Wayne Brown says he will consult Aucklanders on what he's calling the Auckland Future Fund - a new regional wealth fund which would boost climate change resilience and help reduce any future rate rises.

One of the proposals would see the council-owned Ports of Auckland leased out to an operator or investor and the money reinvested in the new fund.

Auckland Deputy mayor Desley Simpson spoke to Charlotte Cook.