Pressure builds on government to resume infrastructure projects

Author
Newstalk ZB,
Publish Date
Thu, 21 May 2020, 11:54AM
Photo / Supplied

Pressure builds on government to resume infrastructure projects

Author
Newstalk ZB,
Publish Date
Thu, 21 May 2020, 11:54AM

There is pressure on the government to get infrastructure projects up and running.

It comes as Fletcher Building reveals a thousand of its jobs will go in New Zealand, which is the equivalent to about 10 percent of its workforce. 

The government has set aside an additional $3 billion in this years' Budget to fund projects across the country.

Infrastructure New Zealand Chief Executive Paul Blair told Mike Hosking there are some challenges ahead.

"$136 billion worth of project ideas have been submitted and getting that down to three-billion is a considerable task."

Fletchers say lock down and Covid-19 will have a significant impact on their business, expecting a sharp downturn in the financial year of 2021 and potentially beyond.

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