Fletcher only just now aware of $150m SkyCity cost blowout

Fletcher only just now aware of $150m SkyCity cost blowout
The fire in the roof of the SkyCity convention centre project took 10 days to put out. (Image: Dan Brunskill)
Jenny Ruth
Fletcher Building is insisting it has only just become aware of the further $150 million blowout on the costs of finishing the SkyCity Auckland convention centre project.It is blaming the blowout above its insurance cover on a combination of the complexity of the repair process following the 2019 fire, covid delays and inflation.None of these explanations for the costs blowout are things that happened suddenly – inflation has been a feature for the last 18 months, Fletcher has been working to repair and complete the project since early 20...

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