Tuesday, 29 April 2014

Breakfast with the Prime Minister

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!

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