This Month
Taxpayers paid $907m for NSW projects that went nowhere
The Coalition has blasted nearly $1 billion of capital spending on no new infrastructure, but Labor defended its ditching of projects it said were unviable.
Snowy suffers fresh pain over Kurri Kurri project delays and costs
S&P Ratings has warned that the cost blowouts at the project and at Snowy 2.0 mean the company will need more financial support from the federal government.
New Zealand’s motor vehicles registry pops up in bankers’ pitch books
While a pitch book mention is miles away from an actual sale process, there are signs suggesting the Kiwis are seriously weighing a sale.
First western Sydney flights confirmed
One carrier has locked in its schedule for Sydney’s new international hub, but others are yet to reveal if their planes will take off when it opens.
Former Downer execs raise millions for robots that repair trains
Institutional investors, including Queensland Investment Corporation, back Brisbane start-up that has sold robots to Rio Tinto, Dubai Metro and Lufthansa.
From conviction to connection: Inside Oliver Curtis’ $6b shot at redemption
His $6 billion start-up has powerful backers convinced it’s on track to AI factory riches. But is a man with a conviction for insider trading the right guy to lead it?
Rubbish trucks stand in Stockland’s way to smaller housing lots
Councils say new housing must match the infrastructure available to service it. That often comes down to roads in a subdivision - and the garbage trucks on them.
Infrastructure boss ‘warned’ Allan as CFMEU ran rampant
Leaked documents also show the man in charge of Victoria’s $100 billion Big Build was part of discussions that estimated union misconduct added 30 per cent to its costs.
Data centres overtake offices in US construction-spending shift
Outlays for data centres surpassed offices for the first time in December as tech companies’ needs for artificial intelligence processing facilities surges.
Don’t sell ‘iconic’ Defence land: Howard
Former prime minister John Howard has joined opposition to the Albanese government’s planned sale of historic military sites to raise billions of dollars.
Future Fund tiptoes around $4b Victorian land registry sell-down
The $267 billion sovereign wealth fund has considered forming a consortium with trans-Tasman investor Morrison but there is no certainty a bid will eventuate.
Clough CEO Peter Bennett dies at 59
Peter Bennett, the Perth businessman who spent more than a decade at the helm of construction group Clough, died just two weeks after appearing at a conference.
Power prices improve but experts warn it’s not likely to last
Average household electricity bills are set to drop 3 per cent on July 1 under a draft ruling, but the end of the federal energy bill subsidy means spending on power will still rise.
Super-fast trains, Melbourne rail loop added to ‘priority’ list
The Albanese government’s controversial Newcastle-Sydney high-speed rail proposal has been added to Infrastructure Australia’s new list of national priority projects.
Political pet projects become a balancing act
Infrastructure Australia’s priority list promises an independent assessment of merit but contains plenty of politics with a capital P.
I Squared mandates bank for gas trucking, remote power biz Octa
Octa’s core business unit trucks LNG to remote mining sites in Western Australia, which the company pitches as a cleaner alternative to diesel and petrol.
These prophetic pipelines could end the Iran war oil shock
Two pipelines were built by the Saudis and the UAE in case the Strait of Hormuz some day closed. An armada of tankers is now rerouting to ports where they end.
KKR infrastructure hotshot Andrew Jennings hits the road
Sources said KKR’s golden boy wanted to “get off the treadmill” and will return to his home state of Queensland.
DigiCo boss Michael Juniper goes on leave after just three months
David di Pilla’s HMC Capital has lost another senior operative, with a CEO to take an extended period of leave after starting in the top job in December.
Super funds own $41b of US infrastructure. They want much more
Australian superannuation funds are pitching a plan to buy US ports and toll roads to fix a massive infrastructure funding gap and reduce state debt.
