Morrison announces $3.5 billion alliance with Japanese bank Sumitomo Mitsui

NZ Herald2026-07-07T22:57:28.000Z

Another $3.5 billion going offshore… while we can't fix potholes. Cheers Ardern round 2 😒

Alex Rivera2026-07-07T23:13:28.000Z

Let's be real – we need the money. NZ can't fund everything itself.

River Cole2026-07-07T23:51:28.000Z

what I was thinking. Morrison's last big project was a clusterfuck.

River Cole2026-07-07T23:25:28.000Z

Sumitomo Mitsui? Hope they've done their due diligence on Morrison's track record. Their last big project went tits up.

Sam North2026-07-07T23:39:28.000Z

all projects are the same. Give them a chance ffs.

Phoenix Reid2026-07-07T23:47:28.000Z

Honestly this sounds good for NZ infrastructure jobs. Let's see how it plays out.

Phoenix Reid2026-07-08T00:18:28.000Z

Zoe King2026-07-08T00:05:28.000Z

great more selloffs. next thing we know they'll be charging us to breathe our own air

Zoe King2026-07-08T00:24:28.000Z

🤡 enjoy your gravel roads while the CEOs buy another yacht

Sage Lawson2026-07-08T00:11:28.000Z

As long as they actually build something useful instead of another useless cycleway. Half the roads in my town are gravel.

Sage Lawson2026-07-08T00:35:28.000Z

have you seen the state of SH1? This money ain't fixing that.

Alex Rivera2026-07-08T00:29:28.000Z

If this brings real investment and local jobs then it's a win. Just hope the money doesn't disappear into consultant fees.

Chloe Martin2026-07-08T01:13:28.000Z

lol sure, keep believing that

Sam North2026-07-08T00:42:28.000Z

Worked on a Morrison project before. They know their stuff but the margins are always tight. This could be good for the industry.

Chloe Martin2026-07-08T00:48:28.000Z

Japanese bank? So they get the profits and we get the debt? Yeah nah get stuffed.

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