Fletcher Building subsidiary wants to increase production at its Hunua quarry to about 5.4 million tonnes of aggregate a year.
Transport projects will require large subsidies to make them financially viable.
Watercare’s debt facility will revert to a five-year loan term of $4.2b with the Auckland Council.
Simon Watts says the Local Government Funding Agency’s strong credit rating will act as a cushion for councils and their water CCOs.
Quarry industry warns of looming shortages and higher prices in the absence of fixing ‘flaws’ to the Resource Management Act.
New Zealand infrastructure is ‘having a moment’ and has the global industry’s attentions, according to an expat Kiwi executive.
It downgraded 18 councils’ credit ratings and is not confident the Coalition’s reform will lead to financial separation for new water entities.
Agency responsible for managing or selling Crown property said purchases under the Public Works Act last year came in at $156m, not counting local authority buys, and that was likely to ramp up this year.
Bidders line up for an ambitious programme to get harbour crossing project on the road within 12 months.
It’s a slow start, but the three projects are the start of a common sense move to cut through a ‘thicket of obstruction’, Shane Jones says.