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

Govt to toll three new highways
Policy

Govt to toll three new highways

The Transport Minister has unveiled reforms to support more toll roads.

From light rail to ‘property management’
Infrastructure

From light rail to ‘property management’

Auckland Light Rail avoided a rebrand, but it isn't long for this world.

Protest vote against Tony Gibson
Infrastructure

Protest vote against Tony Gibson

The former Port of Auckland boss was reappointed to Marsden Maritime Holdings.

Tonkin and Taylor announce Vanessa Stoddart as chair
Infrastructure

Tonkin and Taylor announce Vanessa Stoddart as chair

Stoddard is a director of the Channel Infrastructure board.

Staff reporters 12 Dec 2024