Cost blowout: Airport terminal project cost doubles

Cost blowout: Airport terminal project cost doubles
Carrie Hurihanganui says a combination of factors drove the blow-out. (Image: Auckland Airport)
Ella Somers
The price tag on Auckland International Airport’s new domestic terminal has roughly doubled from last year’s suggested "$1 billion-plus" to $2.2 billion, the airport announced today.On top of that, the operator for New Zealand's main international gateway revealed that connecting the domestic and international terminals would cost an additional $1.7b, taking total redevelopment costs for the two terminals to $3.9b.The announcement sparked criticism from airlines, who complained about the impact on ticket prices once th...

More Infrastructure

NZ Windfarms buys NZ's oldest windfarm
Infrastructure

NZ Windfarms buys NZ's oldest windfarm

Bottom end of ebitdaf guidance is $1.5m higher than previous estimate.

John Anthony 25 Oct 2024
Highway works under way before 'investment case' approved
Infrastructure

Highway works under way before 'investment case' approved

NZTA is due to consider an investment case for the Hawke's Bay expressway in November.

Oliver Lewis 25 Oct 2024
Channel could import LNG but won't wear the risk
Infrastructure

Channel could import LNG but won't wear the risk

Channel says other options besides LNG could better help fill the energy shortage.

Ian Llewellyn 25 Oct 2024
Christchurch City Holdings names new chief executive
Infrastructure

Christchurch City Holdings names new chief executive

Matthew Slater will take the helm as CCHL emerges from turbulent patch.