Infrastructure
Explore the latest infrastructure news by BusinessDesk.
Jones wants debt raising powers for NZTA
Infrastructure minister Shane Jones says the New Zealand Transport Agency should have the ability to raise debt like government housing organisation Kainga Ora. Early this year the government housing developer had its debt cap of $4.05 billion raised to $7.1 billion so that it ca...
Primary Sector
Port of Tauranga trims guidance on virus risk
Port of Tauranga has trimmed its full-year profit forecast by $2 million on the back of reduced export log volumes due to the coronavirus.The country’s largest port will likely report June-year earnings of $94 million to $99 million, chair David Pilkington said in a statement. In...
Coronavirus
Refining NZ withholds dividend on virus, volatility
Refining New Zealand is seeking cost savings and considering other tactical responses as the coronavirus adds to pressures on the company’s processing margins.The company today reported an 86 percent drop in 2019 net profit after the US-China trade war, sanctions, and changes in...
Law & Regulation
Fuel majors to be required to publish wholesale prices
Major petrol suppliers will face a wholesale pricing regime and have their supply contracts with other distributors regulated in order to improve competition in the wholesale fuel market.The government, acting on recommendations from the Commerce Commission, plans legislation to...
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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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