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Auckland port finances attacked
10 Jun 2008
Shipping industry figures are querying Ports of Auckland’s ability to fund a future port development plan or even a forecast NZ$15m (US$11.6m) dividend payment for the current financial year.
Auckland maintains its finances are healthy
However, the port company has countered it can receive reverse cashflow from shareholder Auckland Regional Holdings.
They have said that there are various funding options available including a NZ$500m (US$387m) bank facility.
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