Infrastructure
Explore the latest infrastructure news by BusinessDesk.
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...
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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...
Infrastructure
Transpower sees no risk to credit metrics from incentive change
By Gavin Evans July 22 (BusinessDesk) - National grid operator Transpower says a further reduction signalled for its revenue during the next five-year regulatory period should not affect its key credit metrics. The state-owned company today told investors that a draft decis...
Infrastructure
CentrePort eyes further hub expansion
By Gavin Evans July 22 (BusinessDesk) - CentrePort says it has a further three potential freight hubs at the concept stage but is focused on completing the expansion of its Waingawa log yard first. Freight hubs the firm has established in Taranaki, Whanganui, Palmerston Nor...
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