Why megaprojects like Dunedin Hospital rebuild overrun costs

Why megaprojects like Dunedin Hospital rebuild overrun costs
The Government plans to scale back the Dunedin Hospital project, provoking protests. (Image: Helen Speirs)
Dileepa Fonseka
Ask Vital Healthcare Property Trust fund manager Aaron Hockly what went wrong with the Dunedin Hospital project and his first answer is simple: megaprojects are hard.“Projects are really challenging, and the bigger the project, the more likely it is that there’ll be cost overruns or things will go wrong.”And Dunedin Hospital is far from the first megaproject to have blown out in price. Oxford Emeritus professor Bent Flyvbjerg built a career and published a book on such blowouts. In the past, Flyvbjerg has found cost...

More Finance

Andrew Barclay to leave Goldman Sachs NZ
Finance

Andrew Barclay to leave Goldman Sachs NZ

Andrew Barclay has been one of NZ’s most respected deal-makers.

Pattrick Smellie 20 May 2025
How Sharesies is providing ‘patient’ capital for listeds
Finance

How Sharesies is providing ‘patient’ capital for listeds

The online platform is being tapped for bookbuilds and dividend reinvestment plans.

Fonterra boss wins big at INFINZ awards
Finance

Fonterra boss wins big at INFINZ awards

Michele Embling became a fellow of the institute. 

Staff reporters 13 May 2025
No longer 'boutique' Generate is executing, CEO says
Finance

No longer 'boutique' Generate is executing, CEO says

The fund manager is now the seventh-largest KiwiSaver provider.

Gregor Thompson 09 May 2025