Infrastructure

'Price shock': $150m blowout for Christchurch stadium

Oliver Lewis
Wed, 01 Jun 2022

'Price shock': $150m blowout for Christchurch stadium
A design render of Christchurch's new stadium, Te Kaha. (Image: Supplied)
Oliver Lewis
Wed, 01 Jun 2022
The cost of Christchurch’s new stadium has blown out to as much as $683 million, $200m more than its initial budget.Christchurch City Council chief executive Dawn Baxendale and Barry Bragg, chair of the board overseeing the project, presented the cost update at a briefing on Wednesday.“It’s fair to say we’ve gone from a price rise to a price shock,” Bragg said, adding the doubling or even trebling of commodity prices caused by global supply chain issues and the war in Ukraine had led to an exponential increase in t...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Energy
More work on Onslow gets green light from ministers
Ian Llewellyn | Thu, 07 Jul 2022

Cabinet gives green light to more Onslow pumped hydro project, narrows down alternative options on solving the dry year problem.

Finance
Homebuyers: the bank is still watching your spending
Frances Cook | Thu, 07 Jul 2022

The sillier parts of the CCCFA are gone, but banks still need to make sure you can afford a loan, so they’re going to go through your income and expenses. 

Law & Regulation
Lego, Zuru to head to trial over use of trademark
Ben Moore | Thu, 07 Jul 2022

The two toy titans have clashed over Zuru’s use of the Lego trademark on statements of compatibility on its packaging.

Sponsored
How can Kiwi small business owners manage rising inflation?

Xero MD Craig Hudson says small businesses have been hit with a triple whammy.

Sponsored
Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges