Infrastructure Challenges in New Zealand

Major infrastructure projects in New Zealand, like the City Rail Link, face significant challenges in estimating costs and timelines due to their complexity and external factors such as COVID-19. Stakeholders in the industry suggest that these large-scale projects often experience pressure to provide lower bids, leading to underestimations from the outset. This pressure, combined with unforeseen circumstances, contributes to projects being delayed and exceeding budget. As the infrastructure landscape evolves, it is crucial for stakeholders to engage in robust planning and to implement more accurate pricing strategies.