Transmission Gully contractor suing NZTA for $352m

Transmission Gully contractor suing NZTA for $352m
Paul McBeth
Transmission Gully contractor Wellington Gateway Partnership is seeking $352 million from the New Zealand Transport Agency over delays in starting the work.  The claim would increase the $850 million construction cost to almost $1.2 billion, amounting to a 41 percent increase. The government's 2019 accounts noted the size of the claim as a contingent liability, and said it "relates to the delays in the commencement of work."  NZTA's contractual disputes in total are tagged as carrying a potential $385 million bill, the bulk of which relat...

More Policy

The cost of over-regulated banking: $10b to $14.4b a year
Finance

The cost of over-regulated banking: $10b to $14.4b a year

Critics claim a huge annual cost from 30 years of regulatory creep.

Pattrick Smellie 16 Apr 2025
Fast-track panels not out of blocks yet
Policy

Fast-track panels not out of blocks yet

The first three projects to go through the process are still waiting on panels.

Oliver Lewis 10 Apr 2025
Airfare reporting not ready for takeoff
Policy

Airfare reporting not ready for takeoff

Airport group says transparency measure should have a chilling effect on fares.

Oliver Lewis 09 Apr 2025
'The Great Privatisation': a NZ perspective
Economy

'The Great Privatisation': a NZ perspective

KPMG partner sees value in considering asset recycling to fund new infrastructure.

Oliver Lewis 09 Apr 2025