Fletcher convention centre costs blow out another $150m

Fletcher convention centre costs blow out another $150m
CEO Ross Taylor is "disappointed" by the further provisions. (Image: Fletcher Building)
Jenny Ruth
Fletcher Building said it has had to add another $150 million to its provisions for the cost of building the New Zealand International Convention Centre (NZICC) and the associated hotel in Auckland.“Despite good progress on the site, the complexity of the rebuild means costs are now expected to exceed insurance proceeds on NZICC. This has resulted in an additional $150m provision for costs to complete the project,” Fletcher said in a statement.“It is disappointing we require further provisions which are the result of the signi...

More Infrastructure

Northport extension consent shot down over cultural impacts
Infrastructure

Northport extension consent shot down over cultural impacts

The port had pitched the project as a catalyst for regional growth.

Oliver Lewis 10 Jul 2024
Cairns flames Fletcher and gives up chair pursuit
Infrastructure

Cairns flames Fletcher and gives up chair pursuit

Three-month wait for 'papal smoke' from board burns off former port boss.

NZ First raises possibility of Aratere grounding being human error
Infrastructure

NZ First raises possibility of Aratere grounding being human error

The social media post was framed in a 'just asking questions' manner.

Oliver Lewis 09 Jul 2024
Five-year plan for universal road-user charges
Infrastructure

Five-year plan for universal road-user charges

A new report from the NZ Initiative makes the case for road pricing.

Oliver Lewis 09 Jul 2024