Christchurch City Holdings

Christchurch City Holdings Ltd
Council holdings company
Industry various
Headquarters Christchurch, New Zealand
Area served
 Canterbury Region
Key people
 Bob Lineham (CEO)
Owner Christchurch City Council
Website www.cchl.co.nz

Christchurch City Holdings Ltd (CCHL) is a wholly owned investment arm [1] of the Christchurch City Council. The council controlled trading organisations (CCTO) own and run some of the important infrastructure in Christchurch, such as the public transport and electricity delivery in the city.

Organisations owned by CCHL

CCHL owns or part-owns the following eight companies.[2]

Lyttelton Port Company

The Lyttelton Port Company is the management of the main port in the South Island at Lyttelton, New Zealand. It services the city's businesses as the seaport. By June 2012, CCHL ownership had increased to 79.3%.[3]

Christchurch International Airport

Christchurch International Airport. 75% owned by CCHL.[3]

City Care

City Care is the City Council's infrastructure management company. They have branches throughout New Zealand and service many councils and businesses.[4] 100% owned by CCHL.[3] After the collapse of construction company Mainzeal, City Care hired their management team. A decision whether City Care will venture into 'vertical construction' has not yet been made.[5]

Orion

Orion is an electricity distribution company, that owns and operates the network in the central Canterbury area. It covers the area between the Waimakariri and Rakaia rivers and from the Canterbury Coast to Arthur's Pass.[6] 89.3% owned by CCHL.[3]

Selwyn Plantation Board

Selwyn Plantation Board operates in forestry and farming.[7] 39.32% owned by CCHL, but the company is in the process of being wound up (it is selling its assets and the proceeds will be distributed to the two shareholding council holding companies).[3] A final payment to CCHL is expected in 2013.[8]

Enable Networks

Enable Networks builds and runs a new fibre optic network in Christchurch. Enable Networks was first launched in 2007 with funding from CCHL and a grant from the Ministry of Economic Development. Initially launched as Christchurch City Networks Limited (CCNL), in 2009 the company re-branded as Enable Networks. 100% owned by CCHL.[9]

Red Bus

Main article: Red Bus (New Zealand)

Red Bus is one of the public passenger transport operators in Christchurch. 100% owned by CCHL.[3]

Ecocentral Ltd

The newest company is Ecocentral Ltd, which operates council's recycling. It is 100% owned by CCHL.[3]

See also

References

  1. ↑ Christchurch City Holdings.
  2. ↑ The Press, CCHL boss backs down on Enable, 19 November 2009, page A11
  3. 1 2 3 4 5 6 7 Steeman, Marta (9 June 2012). "Council clings to assets as quake bills mount". The Press. pp. C21–C22. Retrieved 4 March 2013.
  4. ↑ "About us". City Care.
  5. ↑ "City Care direction unclear". The Press. 5 March 2013. p. A9.
  6. ↑ "About Orion". Orion Group.
  7. ↑ SPBL ownership, SPBL, New Zealand.
  8. ↑ Steeman, Marta (5 March 2013). "Orion leads city firms to profitable half year". The Press. p. A9. Retrieved 6 March 2013.
  9. ↑ "About Enable". Enable Networks. Retrieved 24 January 2016.

External links

This article is issued from Wikipedia - version of the Sunday, January 24, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.