General
Grocon boss Daniel Grollo blames legal stoush with NSW Government for construction company going insolvent
Grocon Group boss Daniel Grollo says the construction company is fighting for its life as it prepares to appoint administrators.
Key points:
- Grocon boss Daniel Grollo said the company would appoint administrators by Monday
- Mr Grollo alleges the company would not be in financial trouble had the NSW Government acted fairly over the Central Barangaroo project
- Infrastructure NSW says a September 2020 court ruling found Grocon’s financial situation preceded their involvement in the project
Grocon, which has operated in Australia for 70 years, declared insolvency on Friday with administrators to be appointed by Monday.
The company delivered several iconic developments in recent decades, including Melbourne’s casino, Eureka Tower and the Rialto…
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