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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
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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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FLETCHER BUILDING (ASX:FBU)
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