What’s at stake? Control and capability in a $1b-plus regional water rebuild as infrastructure failures mount.
Background: Ngāti Toa has bought 51% of Construction Contracts Ltd amid scrutiny of Wellington’s ageing wastewater network.
Main players: Ngāti Toa chair Helmut Modlik, chief investment officer Boyd Scirkovich, and Construction Contracts.
Ngāti Toa Rangatira has acquired 51% of Wellington civil infrastructure firm Construction Contracts Ltd, in what it described as a multi-million-dollar transaction, placing the iwi directly inside the region’s water rebuild.
The size of the opportunity is material. Councils across the Wellington
