The Crown Enterprise Division within the Cook Islands Investment Corporation provides leadership in governance, oversight, and development of Crown Enterprises to ensure the effective delivery of public services and the sustainable enhancement of wellbeing for all Cook Islanders.
The CIIC Group comprises a diverse portfolio of 20 entities working collectively to deliver its vision. The organisational chart above outlines the structure of the CIIC Group, including its subsidiaries, State-Owned Enterprises (SOEs), and Crown-Controlled Entities.
The Airport Authority is governed under the Airports and Airport Authorities Act (1968-1969). The Authority is responsible for the management of the international airport on Rarotonga and the domestic airport on Aitutaki. The Airport Authority is recognized as a critical infrastructure asset for the Cook Islands.
Avaroa Cable Limited (ACL) was formed to operate and manage the Cook Islands interests in the Manatua Cable project. Avaroa Cable Limited is a Cook Islands limited liability company and the implementing entity for the Manatua Cable Project. The Manatua Cable fiber optic submarine cable is a 3,600km long two fiber pair system connecting Apia in Samoa, Niue, Rarotonga, and Aitutaki, Tahiti and Bora Bora deployed in 2019-20. The cable is capable of operating at up to 10 terabits per second (= 10,000,000 megabits per second) on each fiber pair using state-of-the-art fiber optical communications technology, enough speed to download 300 high-definition movies every single second. The cable was ready for service in July 2020.
The Bank of the Cook Islands Holding Corporation (the Corporation) was established on the 01 December 2003 under the Bank of the Cook Islands Act 2003 to assume all rights and obligations of the Cook Islands Development Bank (CIDB) and the Post Office Savings Bank.
The Bank of the Cook Islands Limited (BCI) was registered under the Companies Act 1970-71 in March 2004, and re-registered 11 September 2020 under the Companies Act 2017, with the objective of providing banking services throughout the Cook Islands. BCI is fully licensed as required by the Banking Act 2011 and operates in compliance with the requirements of the Financial Supervisory Commission Act 2003 and the Financial Transaction Reporting Act 2017.
The Cobalt Seabed Resources Limited (CSR) is a Corporate Crown Entity and was established under the Companies Act 1970 on 02 November 2017. The Cook Islands Government, through the Cook Islands Investment Corporation (CIIC), and Global Sea Mineral Resources (GSR) entered into a Framework Agreement in 2013 with regards exploration for and possibly harvesting of Polymetallic Nodules in the Cook Islands licensed International Seabed Authority (ISA) area and the Cook Islands Exclusive Economic Zone. Further dialogue ensued while GSR incorporated a branch in the Cook Islands (GSR-CI), and a formal JV Agreement (between CIIC, GSR and GSR CI) was entered into in July 2016.
The Cook Islands Ports Authority (CIPA) is a Crown owned statutory corporation established in 1995. The principal objectives of the Authority are to promote, encourage and operate a commercially viable and efficient business in the country’s supply chain and develop growth opportunities from its asset base which include Crown land and buildings, wharves, port facilities, tug boats, barges, plant and equipment, storage sheds and open storage space.
Te Aponga Uira generates and distributes electricity to Rarotonga in accordance with its mandate under the Te Aponga Uira O Tumu-te-Varovaro Act (1991). TAU is a critical key infrastructure asset for Rarotonga and the wider Cook Islands. The primary function of Te Aponga Uira (TAU) is the provision of electricity to the people of Rarotonga in a reliable, safe and economical manner.
Te Mana Uira o Araura (TMU) is a critical key infrastructure asset for Aitutaki (formerly Aitutaki Power Supply Limited). TMU is a limited liability company with the principal activity of generating and distribute electricity on Aitutaki
To Tatou Vai Limited (TTVL) was a water utility established in 2018 to deliver potable and reliable water supply service in Rarotonga, Cook Isalnds. In December 2021 was formalized through the To Tatou Vai Act as a not-for-profit statutory corporation. The objective is to ensure assets are managed well, replacements are planned for reliability, and the cost of operations are recovered.
TCI is a limited liability company that was established in 1990 following the passing of the Telecommunications Act in 1989. The Cook Islands Government has a 40% shareholding in TCI t/a Vodafone.