Synopsis:New Zealand's government halts a $19 billion light rail project in Auckland due to cost overruns, scrapping the initiative that began in 2018 with an i
The government of New Zealand has cancelled a light rail project for Auckland after the cost ballooned from US$9.8bn to as much as $19bn. The project was announced in 2018, and so far, $149m has been spent on it without any track being laid.
The New Zealand government has cancelled the Auckland Light Rail project, claiming that it would have cost $29.2bn - almost twice the amount that had originally been estimated.
NZ Government Scraps Auckland Light Rail to Stem $14 Billion Cost Blowout theepochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theepochtimes.com Daily Mail and Mail on Sunday newspapers.