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Christchurch City Holdings

From Wikipedia, the free encyclopedia

Christchurch City Holdings Ltd
Company typeCouncil holdings company
Industryvarious
Headquarters
Christchurch
,
New Zealand
Area served
Canterbury region
Key people
Paul Munro (CEO)
OwnerChristchurch City Council
Websitewww.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

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

Lyttelton Port Company

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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

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Main article: Christchurch International Airport

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

City Care

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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] In November 2015, Christchurch City Council decided to sell City Care. After a sales process left only one offer on the table that was considered insufficient, the city council decided in August 2016 that it would keep City Care. Asset sales is one of the top issues in the 2016 Christchurch mayoral election.[6]

Orion

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Main article: Orion New Zealand Limited

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.[7] 89.3% owned by CCHL.[3]

Selwyn Plantation Board

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Selwyn Plantation Board operates in forestry and farming.[8] 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.[9]

Enable Networks

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Main article: 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. The company is the Crown's partner for its Ultra-Fast Broadband initiative. 100% owned by CCHL.[10]

Red Bus

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Main article: Red Bus (New Zealand)

Red Bus is one of the public passenger transport operators in Christchurch. 100% owned by CCHL.[3] On 4 November 2020 it was announced that Red Bus's operations and assets had been sold to Ritchies Transport Holdings Ltd for an undisclosed sum with completion expected in early December.

Ecocentral Ltd

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

References

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  1. ^ Christchurch City Holdings Archived 8 February 2010 at the Wayback Machine.
  2. ^ The Press, CCHL boss backs down on Enable, 19 November 2009, page A11
  3. ^ a b c d e f g 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. Archived from the original on 2 November 2012. Retrieved 19 March 2009.
  5. ^ "City Care direction unclear". The Press. 5 March 2013. p. A9.
  6. ^ Law, Tina; Truebridge, Nick (2 August 2016). "Relief as City Care sale to be dumped". The Press. p. A1. Retrieved 2 August 2016.
  7. ^ "About Orion". Orion Group.
  8. ^ SPBL ownership Archived 16 May 2010 at the Wayback Machine, SPBL, New Zealand.
  9. ^ Steeman, Marta (5 March 2013). "Orion leads city firms to profitable half-year". The Press. p. A9. Retrieved 6 March 2013.
  10. ^ "About Enable". Enable Networks. Retrieved 24 January 2016.
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