Watercare inks $2.4b 10-year contract with Fulton Hogan, Fletcher Construction

Watercare inks $2.4b 10-year contract with Fulton Hogan, Fletcher Construction
Jenny Ruth
By Jenny Ruth Sept. 27 (BusinessDesk) - Auckland Council-owned Watercare has signed a $2.4 billion contract with Fulton Hogan and Fletcher Building's construction arm to provide water and wastewater infrastructure in Auckland for the next 10 years. The long-term and collaborative nature of the contract is a first for New Zealand, the utility says. Watercare "is seeking to address many of the challenges faced by the construction industry while also achieving our ambitious sustainability, cost-efficiency and safety targets," Watercare ch...

More Policy

Australia bracing for big wave of retirees
Policy

Australia bracing for big wave of retirees

Around 2.5 million people forecast to start drawing on super in next decade.

Bloomberg 23 Nov 2024
Experts warn NZ: Australia's local rates cap led to financial crisis
Policy

Experts warn NZ: Australia's local rates cap led to financial crisis

Copying policy from across the Tasman could worsen infrastructure deficit.

Jem Traylen 22 Nov 2024
Spending cuts hurting growth scope, group says
Economy

Spending cuts hurting growth scope, group says

The group of economists call for the next Budget to be kinder to the economy.

Jem Traylen 21 Nov 2024
Transport dominates investment intentions - Treasury
Policy

Transport dominates investment intentions - Treasury

NZTA forecast investments of $120b over the next 10 years, dwarfing other agencies.

Oliver Lewis 20 Nov 2024