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

 

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Insurers Up For More Payouts: Chch Property Investor Wins Policy Appeal In Supreme Court

Ridgecrest NZ, a property investor, has won an appeal in the Supreme Court over insurance cover provided by IAG New Zealand for a Christchurch building damaged in four successive earthquakes. More>>

ALSO:

Other Cases:

Royal Society: Review Finds Community Water Fluoridation Safe And Effective

A review of the scientific evidence for and against the efficacy and safety of fluoridation of public water supplies has found that the levels of fluoridation used in New Zealand create no health risks and provide protection against tooth decay. More>>

ALSO:

Scoop Business: Croxley Calls Time On NZ Production In Face Of Cheap Imports

Croxley Stationery, whose stationery brands include Olympic, Warwick and Collins, plans to cease manufacturing in New Zealand because it has struggled to compete with lower-cost imports in a market where the printed word is giving way to electronic communications. More>>

ALSO:

Prefu Roundup: Forecasts Revised, Surplus Intact

The National government heads into the election with its Budget surplus target broadly intact, delivering a set of economic and fiscal forecasts marginally revised from May to reflect weaker commodity prices and a lower tax take. More>>

ALSO:

Convention Centre: Major New SkyCity Hotel And Laneway For Auckland

Today SKYCITY Entertainment Group Limited revealed plans to build a new hotel and pedestrian laneway of bars, restaurants and boutique shopping on land it owns in the Nelson and Hobson Streets block, expanding the SKYCITY Entertainment Precinct. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news