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Council Stunned By Mainzeal Receivership News

MEDIA RELEASE

Council Stunned By Mainzeal Receivership News

7 FERUARY 2013


The Kāpiti Coast District Council will meet with receivers PricewaterhouseCoopers today to discuss the impact of Mainzeal’s receivership on the Coastlands Aquatic Centre.

Mainzeal Property and Construction Limited are building the $21.1m complex, which is just seven weeks short of completion.

Chief Executive Pat Dougherty says the receivership announcement was totally unexpected.

“We are so nearly there with this project. It is running to time and on budget and we have even confirmed the Governor General to open it at the end of March. I really feel for our community, which has been waiting so long for this facility.”

Mr Dougherty says the Coastlands Aquatic Centre will replace the 60-year-old Raumati Pool, which no longer serves the needs of the community.

“We can be grateful at least that the project is almost complete so it would make sense to just push on and finish it. We take heart that PwC has said it is committed to working closely with all parties involved with Mainzeal contracts to determine the best way forward."

In the meantime, work on the Aquatic Centre site, off Kapiti Road, has been suspended for 48 hours.

PwC has set up a website page, which will regularly update developments http://www.pwc.co.nz/mainzeal/

ENDS

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