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Saturday, 24 October 2026

No. 23,584

International Coravia Business Daily

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Independent journalism · Est. 1962 · Meridale

Breaking

Assembly passes $9bn Coastal Shield infrastructure bill after 14-hour session

Central bank holds key rate at 3.25% and signals autumn review

Flood warnings issued for the lower Aldenne Valley as river levels peak

Auriga-3 launch puts first Coravian weather satellite into orbit

Assembly passes $9bn Coastal Shield infrastructure bill after 14-hour session

Central bank holds key rate at 3.25% and signals autumn review

Flood warnings issued for the lower Aldenne Valley as river levels peak

Auriga-3 launch puts first Coravian weather satellite into orbit

Coastal Shield

A rescue worker paddles an inflatable boat along a flooded residential street.

Coastal Shield: where the $9bn will go

Forty-one flood-risk districts are ranked for early works. We chart where the barriers, pumps and raised levees will go — and when.

10:20

Montlior Newsdesk

Members of the National Assembly's finance committee take evidence ahead of the final Coastal Shield vote.

National Assembly

Coastal Shield bill clears final vote, sending $9bn to flood defences

Ministers hail a “generational upgrade” to sea walls, pumping stations and river barriers after the longest sitting in the Assembly's modern history. Opposition parties back the plan but demand quarterly spending audits.

08:42

Yuna Karel

Emergency responders in high-visibility gear launch an inflatable rescue boat.

Flood warnings issued for the lower Aldenne Valley as river levels peak

The storm system that inundated Tirmond brushes the valley's saturated lower reaches — and revives the question of why the flood maps were redrawn.

05:40

Montlior Newsdesk

Demonstrators hold placards at an outdoor rally, seen from behind.

Aldenne farmers ask where Coastal Shield leaves the valley

Inland communities on the flood-prone lower river say the bill's coastal focus risks leaving upstream defences to a later parliament.

16:05

Montlior Newsdesk

A panel takes evidence in a wood-panelled hearing room before a full public gallery.

Legal challenge to Coastal Shield procurement rules dismissed

The High Court rejects a contractors' association claim that fast-track tendering for early works breached competition law.

14:40

Montlior Newsdesk

Stylised graphic representing market movements.

What Coastal Shield means for construction and engineering stocks

The $9bn programme will fill order books for a decade. Samir Odell weighs the winners, the wait — and the risk of overruns.

07:30

Samir Odell

Portrait of Rhea Callum.

Coastal Shield is a decade late — and still worth every dollar

Infrastructure is the rare policy where the bill for doing nothing always arrives, with interest, and usually in winter.

06:00

Rhea Callum