Infrastructure
Explore the latest infrastructure news by BusinessDesk.
Infrastructure
Morrison & Co eyes asset sales from first PIP Fund
By Paul McBeth July 23 (BusinessDesk) - The HRL Morrison-managed PIP Fund 1 has hired an adviser to test the waters for a buyer of its social infrastructure assets. The fund has $176.5 million of capital committed and counts the New Zealand Superannuation Fund as a corners...
Infrastructure
Improved transmission pricing may save $2.7 bln - Electricity Authority
By Gavin Evans July 23 (BusinessDesk) - Changes proposed to the way electricity transmission costs are shared could deliver about $2.7 billion in benefits to consumers during the next 30 years, the Electricity Authority says. The plan, which aims to charge consumers based o...
Infrastructure
Precision Foundry receivers say no money for unsecured creditors
By Victoria Young July 23 (BusinessDesk) - The receivers of former Masport firm Precision Foundry say unsecured trade creditors and unsecured employees - who have claims of about $4.07 million - are unlikely to get anything. The Auckland-based cast iron exporter that previ...
Infrastructure
Significant shortfall for subbies in Ebert receivership
By Victoria Young July 22 (BusinessDesk) - Receivers for Ebert Construction have dished out another $770,000 to subcontractors, bringing total distributions to them to $2.31 million since the firm’s collapse last October. The distribution of funds following Ebert’s collapse...
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Oliver Lewis
Infrastructure Editor
Oliver Lewis won the local government reporting category at the 2023 Voyager Media Awards. He is part of our investigations unit and also covers infrastructure, housing and employment issues. Formerly with Stuff/The Press, Oliver has also written for the Guardian and North & South.
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