Skip to content

Council-Controlled Organisations

http://www.gw.govt.nz/council-controlled-organisations

Council-Controlled Organisations

Updated 16 March 2020 10:37am

The WRC Holdings Group

Greater Wellington Regional Council owns three subsidiary companies, which together make up the WRC Holdings Group of companies. These companies are council-controlled organisations under the Local Government Act 2002. Greater Wellington Regional Council is the sole shareholder (i.e. owns 100 per cent) of WRC Holdings Ltd, which in turn owns 100 per cent of Port Investments Ltd and Greater Wellington Rail Ltd.

WRC Holdings Ltd and Port Investments Ltd are holding companies (companies that control and hold shares of other companies) while Greater Wellington Rail Ltd is an operating company. The main asset of Port Investments Ltd is a 77 per cent shareholding in CentrePort Ltd.

Objectives of the companies

The objectives of the WRC Holdings Group of companies are set out in the Statement of Intent. The common objective for the companies is to maximise the commercial value to shareholders and to protect the shareholders' investment.

Wellington Regional Economic Development Agency

The Wellington Regional Economic Development Agency (WREDA) is a council-controlled organisation jointly owned by Wellington City Council (who hold an 80 per cent shareholding) and Greater Wellington Regional Council (who hold a 20 per cent shareholding).

WREDA was established in 2014 to combine the various regional economic development agencies owned by Wellington City Council (Positively Wellington Tourism, Positively Wellington Venues, Events, Destination Wellington) and Greater Wellington Regional Council (Grow Wellington and its subsidiary Creative HQ) and the combined business relationship with Westpac Stadium.

WREDA is overseen by a board, which in turn is overseen by the Wellington Regional Strategy Committee.

Wellington Water Limited

Wellington Water Limited is a shared services organisation jointly owned by Greater Wellington Regional Council, Hutt City Council, Porirua City Council, Upper Hutt City Council, Wellington City Council and South Wairarapa District Council. Wellington Water Limited provides three waters (drinking, storm water and wastewater) network management services to the client councils.

Wellington Water Limited is governed by a board of independent directors. A representative from each shareholding council sits on the joint Wellington Water Committee that provides overall leadership and direction for the company. Hutt City Council provides secretarial support to the Wellington Water Committee.

Wellington Regional Stadium Trust

The Wellington Regional Stadium Trust is a charitable trust, jointly settled by Greater Wellington Regional Council and Wellington City Council. The Wellington Regional Stadium Trust owns, operates and maintains Sky Stadium. The Trust:

  • Was originally established by Greater Wellington Regional Council and Wellington City Council to develop and build Wellington Regional Stadium
  • Provides high quality facilities for use by rugby, football, cricket and other sports, musical, cultural and sponsored events
  • Administers the stadium and Trust assets
  • Is a charitable trust and is not a council-controlled organisation