Updated on February 24, 2021 at 5:05 pm
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SkyCity fire NZ s biggest repair job: Convention centre $340m-plus to fix, slower than expected
19 Feb, 2021 04:45 AM
4 minutes to read
SkyCity Entertainment Group s NZ International Convention Centre is taking longer to fix than initially expected, and the cost has risen. The job is now likely to cost at least $340 million, up from $336m last year, and the new hotel won t be finished this year as initially forecast.
In its half-year result to December 31, released on Thursday, the company said: Reinstatement works progressing but slower than expected. Following completion of revised damage assessment, now expect reinstatement costs of at least $340m.
On a happier note, the company said insurers were responding to claims and it remained comfortable with the contractual position on the project.
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