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Fletcher Building Settles $16.4m COVID-19 Delay Claim on Puhoi to Warkworth Project

7:39am on Friday 20th of June, 2025 AEST Construction
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Fletcher Building Settles $16.4m COVID-19 Delay Claim on Puhoi to Warkworth Project

7:39am on Friday 20th of June, 2025 AEST
Key Points
  • Settlement reached with NZ Transport Agency and Northern Express Group
  • Project delayed from December 2021 to June 2023 due to COVID-19 and weather
  • Fletcher Building to record a $16.4 million loss on claims receivable in FY25
  • Approximately $56 million in further cash proceeds expected in FY25
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