NZ Herald·3 min read·medium
CCHL rejects Tōnui Consortium proposal to lease Lyttelton Port
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Ben Tomsett
✦AI Summary
Christchurch City Holdings has rejected a proposal from the Tōnui Consortium to lease the Lyttelton Port. The decision was based on the council's preference for public ownership and the port's current strong operational performance.
Christchurch City Holdings has rejected an unsolicited proposal to lease the operating entity of Lyttelton Port, saying it did not warrant further investigation – a decision the consortium behind the proposal says denied Christchurch the chance to consider “two fundamentally different futures” for the port.
businesseconomy
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