By Pattrick Smellie
|
Thursday 12th February 2009 |
Text too small? |

The decision reflects "major cost savings and synergies in doing the work as part of one programme," Stange said. The announcement will be seen as a part of a programme of prudent commitment to accelerate infrastructure spending to counter the economic recession, and follows this week's packaging by the Government of $483.7 million in education, state housing and roading projects.
The $50 million programme is in addition to more than $3.8 billion in grid reinforcement projects already under way, and will concentrate on tower maintenance, civil work and substation maintenance, much of it in rural New Zealand.
Large parts of Auckland were blacked out last week when a critical transformer failed during routine Transpower maintenance. On that occasion, Transpower had chosen to run the grid at a lower level of security than the operational standard, known as "n-1."
No comments yet
Devon Funds Morning Note - 18 March 2026
TRA - Turners updates earnings guidance
March 18th Morning Report
MCY - Mercury opens $220m geothermal expansion
PYS - PaySauce undertakes Minimum Holding buyback
March 17th Morning Report
Meridian Energy monthly operating report for February 2026
MCY - Mercury considers Green Bond offer
March 16th Morning Report
Metro Performance Glass FY26 Market Update