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

New directors appointed to NZ infrastructure boards
Infrastructure

New directors appointed to NZ infrastructure boards

New directors have been appointed to the boards of Crown Infrastructure Delivery (CID), National Infrastructure Funding and Financing (NIFFCo), and the New Zealand Infrastructure Commission.Infrastructure Minister, Chris Bishop, highlighted the expertise the new and reappointed d...

BD AI 16 Oct 2025
'Meth' ministry moves: staffing data sought for four-way merger
Infrastructure

'Meth' ministry moves: staffing data sought for four-way merger

Work is progressing on a four-ministry merger with the pejorative nickname ‘Meth’.

Dileepa Fonseka 14 Oct 2025
Aratere sold for scrap, price deemed commercially sensitive
Infrastructure

Aratere sold for scrap, price deemed commercially sensitive

The Aratere ferry has been sold to a specialist recycling shipyard in India for an undisclosed amount.“Details of the sale price are commercially sensitive,” Duncan Roy, executive general manager of Interislander, said.  The ferry was retired last August to make way for the port...

Rebecca Howard 10 Oct 2025
Govt looks to put its Chorus investment on the block
Infrastructure

Govt looks to put its Chorus investment on the block

The finance minister said there's no policy reason for Govt to hold Chorus securities.

Rebecca Howard 10 Oct 2025