Keep Our Port Public

The Press reports that foreign investors seeking a major stake in key South Island assets such as port companies and airports are likely to be blocked under new rules to protect strategically important infrastructure.

The Government moved late on Monday to effectively block the sale of Auckland International Airport to the Canadian Pension Plan Investment Board (CPPIB) by instituting a new national interest clause in legislation governing foreign ownership of major assets on sensitive land. Read Full Post

The Campaign Against Foreign Control of Aotearoa (CAFCA) congratulates the Government for its moves this week to prevent strategic assets on sensitive land from being sold into foreign ownership. Our only question is – what took you so long? It’s been glaringly obvious for many months that the NZ public is up in arms at the prospect of Auckland Airport being sold overseas, be it to Dubai or Canada. And we expect to see these new overseas investment criteria used to block any renewed attempt by the Christchurch City Council via its holding company to sell the Lyttelton Port Company overseas. Read Full Post