ASIC muscles up its enforcement division as part of a major shake-up amid executive exodus and search for new commissioners. Follow updates here.
Snowy Hydro 2.0 will be delayed by up to another two years because of a stuck tunnel boring machine, the hangover from pandemic stoppages, and supply and labour shortages.
He told ABC RN Breakfast the project, already subject to cost blowouts, would be delayed by up to another two years. “The project got mobilised just as the pandemic started. So, that mobilisation was delayed and, you know, unfortunately, also in the year of bushfires. And then of course, you know, as all projects are facing, the availability of materials and labor has got really hard in the last few years and got more expensive.
In November, the boring machine hit unexpectedly soft ground and was halted. Its progress remains at 1 per cent.
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