Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Masterton apartment red-stickered after 6.3 quake

Masterton apartment red-stickered after 6.3 quake

By Suze Metherell

Jan. 21 (BusinessDesk) – One Masterton building has been red stickered and roads in the area are cracked after a 6.3 earthquake shook the lower North Island yesterday, while surrounding district councils report superficial damage to public property.

The CBD residential apartment building is being inspected by engineers today, and the Masterton District Council expects to have a report this evening on whether or not the 15 affected residents can return to their home council chief executive Wes ten Hove told BusinessDesk. Two other privately-owned buildings had also been queried after cracks were seen on their walls.

Public buildings in the area had no reports of damage so far, but roads had been affected by the quake.

“The most significant and obvious cracks are the number of roads that will definitely require repair,” ten Hove said. The district council and the New Zealand Transport Authority would share the road repairs cost between them, he said.

Yesterday’s quake briefly sent a ripple through financial markets, with headlines prompting a sharp drop in the New Zealand dollar before it recovered later in the afternoon. The impact of earthquakes in New Zealand have come under greater scrutiny since a 2011 quake in Canterbury levelled much of the country’s second-biggest city, killing 185 people.

The Reserve Bank forecasts that the Canterbury rebuild will cost $40 billion, while Treasury anticipates the government faces a $100 million bill from last July’s 5.7 magnitude quake in the Cook Strait.

Masterton council’s ten Hove said there had been a few books off the shelves in the library, but public buildings were fine but “we’ll be looking to make sure the integrity of our public buildings have not been compromised.”

Bridges in the district are still being tested, but there have been no reports of damage, nor has there been any damage to waste water, he said. There have been reports of a few chimneys falling in.

Palmerston North also suffered several chimney collapses and other minor superficial damages. The council is still checking buildings on the city’s earthquake prone building list.

“Yesterday, council staff assessed infrastructure in the city and luckily we have escaped with minor damage,” Palmerston North City Council head of emergency management Stewart Davies said in an emailed statement. “We’ve identified some superficial damage such as door frames twisting, however to date nothing structural has been identified.”

South Wairarapa also survived the quake unscathed, according to the district’s Mayor Adrienne Staples.
“Here in the South Wairarapa it seems to be mainly superficial,” Staples told BusinessDesk. “Our engineers have checked everything. There is nothing that’s affected our operations.”

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Company Results: Air NZ Rides The Tourism Boom With Record Full-Year Earnings

Air New Zealand has ridden the tourism boom and staved off increased competition to deliver the best full-year earnings in its 76-year history. More>>

ALSO:

New PGP: Sheep Milk Industry Gets $12.6M Crown Funding

The Sheep - Horizon Three programme aims to develop "a market driven, end-to-end value chain generating annual revenues of between $200 million and $700 million by 2030," according to a joint statement. More>>

ALSO:

Half Full: Fonterra Raises Forecast Milk Price

Fonterra Co-operative Group Limited today increased its 2016/17 forecast Farmgate Milk Price by 50 cents to $4.75 per kgMS. When combined with the forecast earnings per share range for the 2017 financial year of 50 to 60 cents, the total payout available to farmers in the current season is forecast to be $5.25 to $5.35 before retentions. More>>

ALSO:

Keep Digging: Seabed Ironsands Miner TransTasman Tries Again

The first company to attempt to gain a resource consent to mine ironsands from the ocean floor in New Zealand's Exclusive Economic Zone has lodged a new application containing fresh scientific and other evidence it hopes will persuade regulators after their initial application was turned down in 2014. More>>

Wool Pulled: Duvets Sold As ‘Premium Alpaca’ Mostly Sheep’s Wool

Rotorua business Budge Collection Limited (Budge) and sole director, Sun Dong Kim, were convicted and fined a total of $71,250 in Auckland District Court after each pleading guilty to four charges of misrepresenting how much alpaca fibre was in their duvets. More>>

Reserve Bank: Labour Calls For Monetary Policy To Expand Goals

Labour's comments follow a speech today by RBNZ governor Graeme Wheeler in which Wheeler sought to answer critics who variously say he should stop lowering interest rates, lower them faster, or that inflation-targeting should no longer be the primary goal of the central bank's activities. More>>

ALSO:

BSA Extension And Sunday Morning Ads: Digital Convergence Bill Captures Online Content

Broadcasting Minister Amy Adams has today announced the Government’s plans to update the Broadcasting Act to better reflect today’s converged market... The Government considered four areas as part of its review into content regulation: classification requirements, advertising restrictions, election programming and contestable funding. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news