Auckland port finances attacked
Shipping industry figures are querying Ports of Aucklands ability to fund a future port development plan or even a forecast NZ$15m (US$11.6m) dividend payment for the current financial year.
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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