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

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