By RNZ
Napier Port has repaid all of the Covid-19 wage subsidy it received from the government, saying it was the right thing to do.
The company has paid back more than $2 million of the wage subsidy it received.
Napier Port chief executive Todd Dawson told RNZ's Morning Report improved confidence in the port's future led to the decision - and the subsidy itself helped create that confidence.
"The main decision factor was around where we see our year-end results landing for the financial year and that there was quite a period of uncertainty as Covid took effect during the lockdown and that's really why we've decided now to repay it full."