NZ Education Ministry faces smaller bill than feared for leaky schools, as Carter suit looms

Tue, 06 Jan 2015

By Paul McBeth Jan. 7 (BusinessDesk) - New Zealand's Ministry of Education has cut its estimate for the total cost of fixing leaky schools by as much as $400 million, with a damages suit against Carter Holt Harvey one of the last remaining variables. The cost of fixing buildings that had more serious leaks will be between $1.1 billion and $1.3 billion, down from a previous estimate of $1.5 billion, acting head of education infrastructure service Rob Campbell said. The reduced estimate was due to "programme experience and remediation costs...

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