Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Brownlee shortlists consortia for Transmission Gully

Transport Minister Brownlee shortlists consortia for Transmission Gully

April 15 (BusinessDesk) - Transport Minister Gerry Brownlee has short-listed two groups to build the Transmission Gully road north of Wellington in a public-private partnership, with a goal to open the alternative route out of the capital city in 2020.

The government will choose from a consortium led by ASX-listed Leighton Contractors, called the Wellington Gateway Partnership, and the Positive Connection, led by UK-based public sector infrastructure investor John Laing to build the 27 kilometre highway, Brownlee said in a statement. New Zealand Transport Agency expects to announce the winner early next year.

The Wellington Gateway group includes HEB Construction, InfraRed Infrastructure General Partner, the Bank of Tokyo-Mitsubishi UFH and the Accident Compensation Corp, while Positive Connection's members are Fulton Hogan, Fletcher Building, Macquarie Group and the Morrison & Co-managed PIP Fund.

The price tag for the road was initially put at $1 billion, though opposition MPs claim it may climb as high as $3.4 billion.

"Transmission Gully will provide a safer, more secure strategic route in and out of Wellington that will cater for the increased traffic and freight demands that come with a growth city," Brownlee said. "Today's announcement of a shortlist is another important step towards beginning construction of the Transmission Gully project in 2014 and opening the road by 2020."

(BusinessDesk)


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news