COLOR-Waatea logo 2016-final

On Air Now
Radio Waatea

08:00pm - 11:00pm
Ed Sheeran

Iwi owed discount on Napier Port shares
Ports of Napier - Gettyimages

Share to Email
Share to RSS
Share to Print




An iwi leader is challenging Hawke’s Bay Regional Council to make shares in the Port of Napier available to iwi and local residents for a discount, to ensure control of the asset stays in the region.

The council wants to sell up to 45 percent of the port because it can’t fund the port’s expected $350 million expansion on its own.

It has rejected the discount idea.

But Ngāti Pahauwera Development Trust chair Toro Waaka, who sits on the council’s planning committee, says it’s a risky investment, in part because the council has taken too much out of the operation in dividends rather than investing in its development.

He says the council needs to acknowledge a moral obligation.

"Much of the land they own or operate on or benefit from was taken from Māori under the Harbour Board Act so in terms of reconciliation it is only morally fitting there should be a discount for iwi entering into regaining some of its former property," Mr Waaka says.

Pahauwera is prepared to invest up to $5 million, and it has talked to other iwi and Māori trusts about building up a cornerstone stake

Copyright © 2018, UMA Broadcasting Ltd:


matariki x
It's been 40 days since the Oranga Tamariki footage and the PM + her Minister have still not seen it
40 days since the chilling Oranga Tamariki uplift footage and the Prime Minister and her Minister in charge of Oranga Tamariki still have not viewed it.
Two juxtapositions of the current furore over Oranga Tamariki uplifts
Martyn 'Bomber' Bradbury: " On Friday morning breakfast TV, Judith Collins bristled at suggestions that there was institutionalised racism inside Oranga Tamariki by simply stating, "just stop beating up kids, and you won't need Oranga Tamariki".
Could Dame Tariana Turia's musings cost Labour the Māori vote?
Martyn 'Bomber' Bradbury:     How hard will Jacinda and Grant make it for Willie Jackson to deliver the Māori vote for Labour again?





Enter your email address to receive regular updates from Waatea News.
  • fb

On Air Now
Radio Waatea

08:00pm - 11:00pm