October Construction News
Plan for $1.8 billion Auckland waterfront stadium revealed
Auckland Waterfront Consortium released its plans for a $1.8 billion, 50,000 seat, covered arena on Auckland’s waterfront. The plan requires the shifting of the port’s big car importing function at downtown, the transfer of 14 hectares of wharf land as well as Eden Park’s 10 hectares to a developer under a long lease.
Government announces new $220 million Waitemata surgical hospital
Prime Minister Jacinda Ardern and Health Minister Dr David Clark announced a new $220 million surgical hospital on the North Shore Hospital campus which will create significant additional elective capacity to meet demand, both now and in the future.
Ebert Construction placed into liquidation
Collapsed builder Ebert Construction has now been placed in liquidation, following receivers being appointed in July. Ebert, which went into receivership while working on 15 sites and owes creditors more than $45 million. Following a shareholder vote, Grant Thornton, David Ruscoe and Tim Downes have now been appointed liquidators.
Transmission Gully’s Cannons Creek Bridge approaching launch phase
Transmission Gully’s biggest bridge is approaching its launch period which is set for November 2018. The spans of the 226-metre-long Cannons Creek Bridge will soon be pushed across the gorge it traverses and onto piers which are currently being completed. This a part of construction works set to be completed in April 2020.
Auckland building consent numbers reach record high
Auckland’s building consent numbers hit a record in the 12 months to August 2018. The 12 month period to August shows building consent numbers which are slightly higher than previous peaks of building consent in June 2004, and in the mind 1970s. This new record is said to be driven by increased numbers of townhouses, flats, units and retirement villages.
Reasons for Steel & Tube rejection of Fletcher Building’s $282m acquisition move explained
Fletcher Building takeover target Steel & Tube has told shareholders why the board has rejected the $282 million bid and how the listed business is on track to vastly improve the business. Susan Paterson, Steel & Tube chairwoman, suggested that the $1.70/share Fletcher offered undervalued the business and the proposal would face issues with the Commerce Act.
Green light given to Lower Hutt’s biggest project in history
Regional councillors signed off on the RiverLink which economists estimate will add $2.5 billion to the Hutt economy. The plan includes upgraded stopbanks, a new Melling bridge and station, and an interchange.
Apprenticeship scheme proposed by Government considered too limited
A key part of the Government’s new construction skills action plan outlined is Mana in Mahi, a subsidised apprenticeship scheme for young jobseekers, which is hoped to take up to 4000 18 – 24 year olds off unemployment and into work. But some are questioning whether apprenticeship subsidies should be available to everyone.
City Rail Link reaches another significant delivery milestone
The project has begun backfilling the trench with runs directly underneath Auckland’s Albert Street meaning the City Rail Link is one step closer to completion. This milestone marks the start of the last stage of the Albert Street works needed before the road can be re-instated and returned to road users and pedestrians.
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