Infrastructure
Explore the latest infrastructure news by BusinessDesk.
Law & Regulation
Council backs $75m underwrite for Wellington airport
Wellington City Council has agreed to underwrite a $75 million loan facility as part of refinancing efforts by the city’s airport.The details of the underwrite, to be provided with fellow airport shareholder Infratil, were still to be worked out between the airport and Infratil,...
Primary Sector
Bathurst loses appeal against US$40m performance payment
Bathurst Resources has lost its appeal against a US$40 million performance payment on coal production from its mothballed Buller operations. The company, New Zealand’s biggest coal miner, said it’s reviewing its legal options after the Court of Appeal confirmed the 2018 decisi...
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Genesis trims guidance on reduced hydro generation
Genesis Energy has trimmed its full-year earnings guidance by $5 million, citing lower-than-expected production from its Tekapo and Waikaremoana hydro schemes. Drought in the North Island has reduced generation inflows this year, prompting an earlier downgrade by Genesis in Fe...
Primary Sector
Seabed miner seeks top court hearing
Trans-Tasman Resources has gone back to court in a bid to keep alive a proposed seabed mining project off the southern Taranaki coast. The firm, which wants to mine mineral-rich iron sands from the seafloor more than 20 kilometres off the coast, has sought approval from the Su...
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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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