Auckland Airport major project costs rise as construction, tourism boom ramp up

Mon, 29 Aug 2016

By Fiona Rotherham Aug. 29 (BusinessDesk) - Auckland International Airport says competition for labour and resources due to the city’s multi-billion dollar construction boom means the cost of major capital projects may be higher than originally planned, although it stopped short of providing details on any cost over-runs. Capital expenditure for the 2017 financial year is expected to be the highest in a decade at between $330 million and $370 million, including about $232 million on aeronautical projects, as it expands to cope with an inc...

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