Industry various Key people Bob Lineham (CEO) Owner Christchurch City Council Founded 1993 | Area served Canterbury Region Website www.cchl.co.nz Headquarters Christchurch Type of business Council holdings company | |
8 12 16 item 28 letter of shareholder expectations to christchurch city holdings ltd part 2
Christchurch City Holdings Ltd (CCHL) is a wholly owned investment arm 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.
Contents
- 8 12 16 item 28 letter of shareholder expectations to christchurch city holdings ltd part 2
- 8 12 16 item 28 letter of shareholder expectations to christchurch city holdings ltd part 1
- Organisations owned by CCHL
- Lyttelton Port Company
- Christchurch International Airport
- City Care
- Orion
- Selwyn Plantation Board
- Enable Networks
- Red Bus
- Ecocentral Ltd
- References
8 12 16 item 28 letter of shareholder expectations to christchurch city holdings ltd part 1
Organisations owned by CCHL
CCHL owns or part-owns the following eight companies.
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%.
Christchurch International Airport
Christchurch International Airport. 75% owned by CCHL.
City Care
City Care is the City Council's infrastructure management company. They have branches throughout New Zealand and service many councils and businesses. 100% owned by CCHL. 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. 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.
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. 89.3% owned by CCHL.
Selwyn Plantation Board
Selwyn Plantation Board operates in forestry and farming. 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). A final payment to CCHL is expected in 2013.
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.
Red Bus
Red Bus is one of the public passenger transport operators in Christchurch. 100% owned by CCHL.
Ecocentral Ltd
The newest company is Ecocentral Ltd, which operates council's recycling. It is 100% owned by CCHL.