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

Auckland housing project withdrawn from fast-track
Policy

Auckland housing project withdrawn from fast-track

The developer plans to lodge a fresh application after draft decline.

First look at NZICC, and SkyCity's hopes for $70m fund
Economy

First look at NZICC, and SkyCity's hopes for $70m fund

SkyCity's COO says a new govt fund should help fill empty hotel rooms across Auckland.

Dileepa Fonseka 15 Sep 2025
Real estate industry wants AML levy exemption
Finance

Real estate industry wants AML levy exemption

The real estate industry is warning an AML levy will drive up costs in the sector.

Michael Neilson 15 Sep 2025
Craigs' sweet spot for golden visa investors
Finance

Craigs' sweet spot for golden visa investors

Billionaires can go solo. For other wealthy investors, there's Craigs' new fund.