Ports crisis raises questions for Auckland Council

Press release from Hon Cr Chris Fletcher:

Ports crisis raises questions for Auckland Council

News that the Ports of Auckland have lost a major client on the back of crippling industrial unrest raises many questions at Auckland Council, says C&R leader Cr Chris Fletcher.

"We are deeply concerned that there may be significant financial consequences for Auckland ratepayers and businesses as a result of the Ports strike"

"The Ports of Auckland balance sheet was in crisis less than three years ago, after the balance sheet had been pillaged by the old ARC for excessive transport dividends. The timely government purchase of Queens Wharf helped save the Ports from its debt mountain in 2009."

"But what will Auckland ratepayers be asked to cough up to help prop up the Port through this period of industrial strife?" said Cr Fletcher.

"Will these strikes cripple the Auckland economy and its supply chain at this important time of the year for businesses?"

"Will the council be forced to go further into debt because of this industrial strife?"

"Will Auckland council's credit rating be further impacted by one of its investments under siege?"

"What other risks will council, its subsidiaries, CCOs and ratepayers be exposed to as a result of this action and negative effects?"

"If there are negative consequences, how will Council budget for this given its already bloated plans and long term spendup?"

"Is it time for Mayor Len Brown to intervene on behalf of council, the owner of the Port, to resolve this crisis?"

"I will be seeking an urgent briefing from Auckland Council CEO Doug McKay to seek answers on these questions", said Cr Fletcher.

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