Industry News

Govt orders review of Transmission Gully, NZTA says there are 'lessons to learn'

TVNZ

The New Zealand Transport Agency says it has learnt lessons with $1.25 billion of taxpayers money used to build Wellington highway Transmission Gully. Your playlist will load after this ad A deal's been struck for the New Zealand Transport Agency to pay contractors more than 200 million dollars to cover costs for Covid-19 delaying construction.

Review into Transmission Gully announced - Twyford and Jones

NZ Government

The Government has asked the Infrastructure Commission to oversee an urgent and wide-ranging review into the Transmission Gully project, Transport Minister Phil Twyford and Infrastructure Minister Shane Jones announced today. Phil Twyford says construction has been plagued with delays and increased costs.

Concrete evidence of slowdown, equal to GFC

BusinessDesk

Concrete use in the June quarter was down by the equivalent of about 22 Auckland Sky Towers, marking the biggest quarterly drop since records began 28 years ago, Stats NZ said. Ready-mix production slumped a seasonally adjusted 23 percent as construction ground to a halt amid the nationwide enforced covid shutdowns during April.

Advising on the funding and financing of New Zealand’s growth infrastructure

Simpson Grierson

This week a significant milestone was reached for infrastructure funding in New Zealand, with the Infrastructure Funding and Financing Act 2020 officially coming into force. Our infrastructure team was selected to work with The Treasury and the Department of Internal Affairs at the end of 2018, helping to develop the Government’s new Infrastructure Funding and Financing (IFF) programme.

Infrastructure Commission investigates Tiwai Pt implications

National Business Review

Infrastructure Commission investigates Tiwai Pt implications Can the market sort it or will it take government intervention? Tue, 04 Aug 2020 Tue, 04 Aug 2020 Infrastructure Commission boss Dr Alan Bollard The Infrastructure Commission is launching a study into the ramifications of the Tiwai Point aluminium smelter shut down.

New Zealand wants to build a 100% renewable electricity grid, but massive infrastructure is not the best option

SciBlogs.co.nz

Janet Stephenson, University of Otago A proposed multibillion-dollar project to build a pumped hydro storage plant could make New Zealand’s electricity grid 100% renewable, but expensive new infrastructure may not be the best way to achieve this. New Zealand’s electricity generation is already around 80% renewable, with just over half of that provided by hydro power.

Tauranga rates struck but wait continues for Govt infrastructure funding

Bay of Plenty Times

Tauranga City Council has signed off its budget for the next year without knowing whether any of it's $1 billion bid for Government Covid-19 economic stimulus funding will be successful. Yesterday the council adopted it's Annual Plan 2020/21, including a 1.1 per cent average residential and 10.8 per cent commercial rates rise, that will apply retrospectively from July 1.

Council couldn’t wait for the Government

Bay of Plenty Times

Byline: Samantha Motion On Page: A006 Rates struck, grey area remains Tauranga City Council has signed off its budget for the next year without knowing whether any of its $1 billion bid for Government Covid-19 economic stimulus funding will be successful.

Minister of Health Chris Hipkins unveils $262 million spend to further upgrades for Auckland City Hospital

New Zealand Herald

Minister of Health Chris Hipkins has this morning announced $262 million will be spent on replacing 50-year-old infrastructure at Auckland City Hospital. It's part of the Government's $3.5 billion investment package to improve our hospitals and health infrastructure across New Zealand.