Board of Directors
|Mr. Stephen Edwards||Chairperson||4th May 2017|
|Mr. Sione Tu’itupou Fotu||Member||4th May 2017|
|Mr.Viliami Takau Jr||Member||4th May 2017|
|Mr. Tomifa Paea||Member||4th May 2017|
|Mrs. Helen Po’uliva’ati Toli||Member||4th May 2017|
Ports Authority Tonga is part of the Transport group of SOEs and its board is shared with Friendly Islands Shipping Services and Tonga Airports Limited.
Ports Authority Tonga (PAT) was established under the Ports Authority Act 1998. Its main objectives are set out in Section 10 “to promote, encourage and assist in the development of commercially viable and efficient ports in Tonga”.
PAT has historically been responsible for the Nuku’alofa port, but in 2014 Cabinet determined that PAT should also be responsible for the ports on the outer islands of Ha’apai, Eua and Vava’u. Total cargo throughput in 2015 was 290,532 cargo Tonnes. Container throughput was 17,621 TEUs for the same period.
The SOE is engaged in a significant redevelopment of the Vuna wharf which is being financed through a T$32.5 million loan from the Government of China.
The SOE has paid dividends since 2010. The 2015 dividend of T$1 million represents a 253% increase in dividend payments in the 5 years since 2010.
“Enhancing the long-term value of the Ports Authority Tonga and ensuring its sustainability. We will make an appropriate profit; and we are here for the long-term”.
|PAT||Ports Authority Tonga|
|Financial Highlights (T$’000)||2014||2015||2016||5-yr Average|
|Net Profit After Tax||1,185||1,971||2,157||1190|
|Cash / Current liabilities||1.266||1.103||…||1.142|
- PAT Annual Report
- Ports Authority Act 1998