The construction of the new Sydney Fish Market has been overshadowed by allegations of bullying and financial exploitation involving construction giant Multiplex and one of its key subcontractors, Sharvain Facades.
Earlier in March, Multiplex appealed for government assistance after Sharvain Facades, the subcontractor that designed and manufactured the scaled roof, went into voluntary administration.
Sharvain Facades has helped design some of Sydney’s most distinguishable structures, including the Chau Chak Wing Building at UTS, the Commonwealth Bank Building at Darling Square, and the ICC & Theatre at Darling Harbour Live.
Sydney Fish Market Redevelopment Ballooning Over Budget
The redevelopment of the Sydney Fish Market, initially slated to cost $750 million, has blown over budget and is now budgeted at around $836 million.
Sharvain Facades’ managing director Boris Kostura spoke with the Sydney Morning Herald in March, explaining that the “perimeters, program and prices have changed far beyond what could have been anticipated”.
The latest update on the Sydney Fish Market project reveals that Multiplex allegedly bullied Sharvain Facades into signing a loan agreement…