On the Thursday before Easter CECC hosted the Prime Minister the Right Hon John Key at a breakfast attended by 700 of our members and their colleagues.
The PM spoke about the Christchurch rebuild gaining momentum and revealed some interesting statistics:
- The government’s total contribution to the rebuild is $15b including $7.3b from EQC net of reinsurance proceeds
- Right now the government is paying $9m every working day in rebuild invoices
- The Canterbury economy grew at 5.6% last calendar year
- Christchurch and the surrounding area is home to one in ten New Zealanders.
- There are more than 200 private sector rebuilds, both commercial and housing, either underway or consented within the four avenues
- The $40m Isaac Theatre rebuild will open in October this year
- There will be 1700 staff from 20 government departments back in the central city by 2016
- 7300 flat land properties in Christchurch and Kiapoi were zoned red due to land damage and over half these homes have now been removed
- Following the earthquakes there were over 450,000 claims on more than 170,000 dwellings in Christchurch.
- 53,000 homes have been repaired under the EQC managed Canterbury Home Repair Programme with Fletcher EQR.
- The balance of under-cap homes will be repaired by the end of 2014
- 91% of the city's dwellings were damaged in the earthquakes
- There is a current shortfall of 12,000 dwellings in the city
- Housing NZ expects to build 700 new houses and complete repairs to 5,000 existing state houses by the end of 2015
- The SCIRT $3b rebuild is due to be completed by the end of 2016
- There is a $1.1b investment going in to compulsory school facilities over the next decade
Yes, that is all about gaining momentum!