Tag: cost overruns
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Catastrophic MoJ Jail Lease Could Cost UK Taxpayers Over £100m
Introduction: A costly leasing decision under scrutiny The Ministry of Justice now faces scrutiny after a 10-year lease for a prison, later found to have high levels of a poisonous gas, is projected to cost UK taxpayers more than £100 million. The revelation has prompted questions about risk assessment, tenancy due diligence, and the long-term…
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Snowy 2.0 cost blowouts force fresh funding push now
Overview: Snowy 2.0 cost blowouts push funding higher Snowy Hydro has disclosed that the Snowy 2.0 renewable energy project will require additional funding after cost overruns pushed the program beyond previous financial targets. The company has ordered the principal contractor, Future Generation Joint Venture (FGJV), to conduct a line‑by‑line reassessment of the project before any…
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Snowy 2.0 cost blowouts force line-by-line reassessment
Background and latest funding reassessment Snowy Hydro has confirmed it will need additional funding to complete the Snowy 2.0 renewable energy project, with costs continuing to climb past a prior $12 billion target. The company has ordered principal contractor Future Generation Joint Venture (FGJV) to undertake a meticulous, line-by-line reassessment of the project before any…