Infrastructure
Explore the latest infrastructure news by BusinessDesk.
Infrastructure
COSL Prospector ideal rig for Great South Basin - OMV
By Gavin Evans July 30 (BusinessDesk) - The COSL Prospector is an ideal rig for drilling in the Great South Basin, an Environmental Protection Authority hearing was told today. The four-year-old harsh environment rig was designed for working in the North Sea and can operate...
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Infrastructure
Auckland building consents hit record in year to June
By Rebecca Howard July 30 (BusinessDesk) - The Auckland region consented a record number of new homes in the 12 months to June 30 but nationwide the number of new consents remains below all-time highs. In the 12 months to June, the actual number of new dwellings consented...
Infrastructure
NZ Windfarms signs hedge for all its output
By Gavin Evans July 29 (BusinessDesk) - NZ Windfarms has signed a 15-month hedge on all the production from its Te Rere Hau wind farm near Palmerston North. The firm says the deal with a “major” New Zealand-based counter-party, takes effect from Oct. 1 and provides a quarte...
Infrastructure
Law firms back use of hybrids in bank capital
By Jenny Ruth July 29 (BusinessDesk) – Law firm Buddle Findlay says the Reserve Bank “must revisit” its decision not to allow hybrid securities to count as tier 1 capital when calculating the balance sheet strength of the country’s banks. The securities – which are usually...
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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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