Preliminary geophysical work is getting underway at Lake Onslow to see if it is technically possible to build a pumped hydro scheme there.
The govt is going ahead with a partially-tunnelled light rail option between Auckland CBD and the airport.
The analysts said the aged care sector faces a tough time in the next few months but long-term they are positive on the sector.
Jarden analyst Grant Swanepoel values Fletcher shares at $7.36, reflecting rising earnings offset by the impact of rising interest rates.