NZIER savages Wellington runway extension in report for airlines

Sun, 14 Feb 2016

By Pattrick Smellie Feb. 15 (BusinessDesk) - Analysis backing the proposed Wellington airport runway extension "grossly overstates" the benefits, understates the costs and is based on passenger projections that may be five times too high, according to two reports by the independent economic consultancy, the New Zealand Institute for Economic Research, commissioned by the body representing airlines flying in New Zealand. The $300 million project, which the airport's owners want largely funded by taxpayers and Wellington ratepayers, "would...

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