Forum Archive Index - March 2000

["simon dallimore" <smndallimore@hotmail.com>]

Another Aucklander here just wanting to add that the sale of the airport 
shares will also relieve pressure on Infrastructure Auckland to have to sell 
off Ports of Auckland Ltd in order to put more money into transport and 
stormwater. I don't know how many Aucklanders realise (I have read this in 
one of the Council's newsletters) that Auckland City presently incurs costs 
of $14 million to $16 million per annum ($38,000 to $44,000 per day) just to 
hold onto the airport shares.  Apparently this is an estimate of the 
"opportunity cost" (don't ask me what this is?) compared to the share 
proceeds being used to repay debt or put into other investments. In my mind, 
the sale of the shares is a foregone conclusion and one that will be 
extremely beneficial for Auckland ratepayers.

p.s. Thanks for your posting Frank which was not only very informative but 
also substantively analytical.

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