Infrastructure
Explore the latest infrastructure news by BusinessDesk.
Infrastructure
Z cancels dividend, in talks with banks
Z Energy has cancelled its final dividend, stopped non-essential capital spending and is in talks with its banks for more working capital flexibility as it negotiates the covid-19 lockdown and volatile oil and foreign exchange markets.New Zealand’s biggest fuel seller today narro...
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Infrastructure
Covid-19 can be decarbonisation catalyst - Transpower
Rebuilding the economy in the wake of covid-19 could prove an important catalyst for the country’s decarbonisation efforts, Transpower chief executive Alison Andrew says.The virus will do a lot of damage to a lot of people, and will require an immediate near-term response. But sh...
Infrastructure
Fletcher asks staff to take up to a 70% wage cut
Fletcher Building is asking staff in New Zealand who aren't working through the nation's shutdown to take a progressive paycut over the next 12 weeks starting at 20 percent for the first four weeks and reaching 70 percent for the final three weeks. Senior executives who will w...
Infrastructure
Kiwisaver funds want to invest billions in infrastructure PPPs
Some Kiwisaver providers want a mandate for public-private-partnerships to help foot the multi-billion dollar infrastructure bill at a time when the government is racking up massive debts to offset widespread unemployment.The government this week tasked a group of industry leader...
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