New transpacific cable

Wednesday December 18, 2013 Masrur Alam Khan

A new undersea transpacific fibre optic cable connecting New Zealand to the US has been proposed by Auckland based company Hawaiki Cable Limited. Hawaiki Cable, led by former Alcatel Lucent executive Remi Galasoo, has proposed to lay a 14,000 Km undersea cable linking New Zealand, Australia and several Pacific Island nations to the US West Coast through Hawaii by the end of 2015.

Continued upturn in building consents in July

Thursday September 05, 2013 Fiona Stokes

As mentioned in our latest edition of BEV, the three months to June has seen activity in the building and construction sector step up to another level. The latest figures from the housing and non-residential sectors for July show this momentum continuing.

Budget 2013 and the building construction sector

Friday May 17, 2013 Fiona Stokes

The Minister of Finance, Hon Bill English, announced in Budget 2013 that $7.2 million will be spent over four years on housing accords. The first accord has already been agreed with Auckland Council, and special housing areas are expected to be designated later this year.

Positive start to 2012 for building sector

Tuesday May 08, 2012 Fiona Stokes

Now that the numbers are in for the first quarter of 2012, it can be seen that there has been a steady improvement in the number of residential building consents issued. In the last quarter of 2011 3,760 residential building consents were issued. In the first quarter of 2012, this number has crept up to 3,860. However, any enthusiasm in regards to an up-turn in the industry needs to be treated with caution - 2011 was not a good year for the building construction industry - and any improvements in the numbers or our forecasts are coming off a low base, as shown in the figure below.