Commercial risk not govt's concern in major projects, PM English says

Mon, 20 Mar 2017

By Paul McBeth March 20 (BusinessDesk) - Cost overruns that push major building projects into the red aren't the government's concern, and it's instead focused on ensuring those builds are delivered on time and to budget, says Prime Minister Bill English. Speaking at his weekly post-Cabinet press conference in Wellington, English confirmed he'd heard speculation that government projects had contributed to Fletcher Building's 15 percent earnings downgrade today, but said he hadn't any specific conversations about them. The government has...

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