Airport shareholders received hint of plans for new site

Tarras residents might have been taken by surprise earlier this year by plans for an international airport in their district, but Christchurch International Airport Ltd’s shareholders were given a strong hint of what was to come months before.

The company yesterday posted on its website its statement of intent for the year ending June 30, 2021.

Under a section called "nature and scope of activities", the company said it intended to "proactively investigate opportunities beyond a single site".

The statement of intent for the previous year made no mention of any intentions outside of the company’s Christchurch airport site.

Under the Local Government Act, a draft statement of intent must be delivered to shareholders by March 1 and contain the company’s objectives and the nature and scope of the activities to be undertaken.

The airport company’s shareholders are Christchurch City Council-owned Christchurch City Holdings Ltd (75.00%), the Minister of Finance (12.50%) and the Minister of State Owned Enterprises (12.50%).

The public first heard about the airport development plans officially on July 22 when the company announced it had spent $45million buying 750ha of farmland at Tarras.

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