Infrastructure plans facing 'significant cost escalation'

Infrastructure plans facing 'significant cost escalation'
Finance minister Grant Robertson at Te Papa this morning.
Jenny Ruth
The infrastructure projects the government would like to undertake are facing "significant cost escalations," finance minister Grant Robertson told journalists.The government has completed a baseline exercise and "there are a number of things we could do", but no decisions have been made yet.The government's options include dropping parts of projects, phasing them in over a longer time frame or re-scope them, Robertson said in Wellington after a pre-budget speech to the local chamber of commerce.In July last year, ahead...

More Finance

Whineray appointed new Jarden chair
Finance

Whineray appointed new Jarden chair

Fraser Whineray quit as Fonterra's chief operating officer in July 2023.

Bluebird improves profits after investment in Wiri site
Finance

Bluebird improves profits after investment in Wiri site

Bluebird Foods NZ has posted a profit of $13.2m for the year ended December 2023.

Staff reporters 18 Jun 2024
The danger of seeking out a returns Booster
Finance

Paul McBeth: The danger of seeking out a returns Booster

The FMA needs to move swiftly in its bid to be a related party pooper.

Paul McBeth 18 Jun 2024
$775,000 remains of Cryptopia's $28m in assets
Finance

$775,000 remains of Cryptopia's $28m in assets

$4.9m was spent on the liquidator-developed platform for account holders' claims.

Ben Moore 17 Jun 2024