Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Economic recovery programme launched

Hon Gerry Brownlee
Minister for Canterbury Earthquake Recovery

Hon Steven Joyce
Minister for Economic Development

6 December 2012

Economic recovery programme launched

Canterbury Earthquake Recovery Minister Gerry Brownlee has highlighted 20 key projects in the Economic Recovery Programme for Greater Christchurch, which was launched today.

Developed by the Canterbury Earthquake Recovery Authority (CERA) and Ministry for Business, Innovation and Employment (MBIE), the programme lays out a roadmap for economic recovery in the region.

“This has been a thoroughly collaborative process between CERA and MBIE in partnership with local government and the business sector,” Mr Brownlee says.

“Public and private investment in the 20 projects – identified as the most important for the recovery – is estimated at $20 to $30 billion.

“This is a once-in-a-lifetime opportunity for Canterbury to create a new, better and enduring business environment.”

Economic Development Minister Steven Joyce says business disruption following the quakes was significant, but the sector also showed a resilience which provides great confidence in Canterbury becoming a more productive economic engine for the country.

“The Canterbury business community is in good heart and is ready to harness the opportunity presented by the rebuild.

“Every week we’re seeing examples of innovation, focus and commitment to making the Canterbury economy strong,” Mr Joyce says.

Some of the 20 projects, such the anchor developments in the new CBD, titled Christchurch Central Recovery, are already in progress. Others identify new opportunities to be developed and monitored.

Mr Brownlee says the 20 projects have varying timeframes through to 2016, by which time some will be completed and others will transition to partners such as regional economic development agencies.

CERA is also compiling the monthly Canterbury Economic Recovery Dashboard to provide a snapshot of how the region’s recovery is progressing.

“The latest economic data shows a continuation of recent positive trends which have revealed Canterbury to be the fastest growing region in New Zealand,” Mr Brownlee says.

“Unemployment in Canterbury has fallen to 5.2 per cent, construction activity continues to accelerate – with building consents for new residential dwellings in Canterbury increasing 80 per cent in the 12 months to September – and growth in consumer spending over the past year is the highest of any region in New Zealand.”

The full Economic Recovery Programme and Economic Recovery Dashboard can be viewed at www.cera.govt.nz

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Labour's 'Future Of Work': Major Reform Of Careers And Apprenticeships

The next Labour Government will transform careers advice in high schools to ensure every student has a personalised career plan, Leader of the Opposition Andrew Little says. More>>

ALSO:

State Investments Management: Treasury Likes IRD, Not Education Or Corrections

The Inland Revenue Department has scored an 'A' in the first tranche of the Treasury's investor confidence rating for state agencies that manage significant Crown investments and assets, gaining greater autonomy as a result, while the Corrections and Education ministries gained a 'C' rating. More>>

ALSO:

Govt Goal: NZ To Be "Predator Free" By 2050

Prime Minister John Key has today announced the Government has adopted the goal of New Zealand becoming Predator Free by 2050... “That’s why we have adopted this goal. Our ambition is that by 2050 every single part of New Zealand will be completely free of rats, stoats and possums." More>>

ALSO:

Gordon Campbell: On The IOC’s Treatment Of Russian Sport, And Lone Wolf Terrorism

A blanket ban on Russian athletes would also have exposed the IOC to criticism that its treatment of Russia would have been marked contrast to its treatment say, of the track and field team from Kenya – a country about which the IOC has very similar doping concerns. More>>

ALSO:

Sounds Like A Plan: Auckland Council Receives Unitary Plan Recommendations

A key milestone in New Zealand planning history was reached today when the Independent Hearings Panel delivered the reports containing its recommendations on the Proposed Auckland Unitary Plan. More>>

ALSO:

National Park Expansion: Forests And Coast Of Kahurangi Protected

Five parcels of high value land totalling more than 890 hectares have been formally gazetted as part of the National Park. More>>

ALSO:

PPP Go-Ahead: SkyPath Gets Unanimous Support

Auckland’s SkyPath project has been given the go-ahead to be delivered through a public private partnership, after a unanimous decision at today’s Finance and Performance Committee. More>>

ALSO:

Gordon Campbell: On The Reserve Bank, The UN Shortlist, And Trump

Can there really be there any link between the US presidential elections and yesterday’s RBNZ signals on interest rates and the NZ dollar? Well, maybe. And it would be this: the improving US economy is reportedly putting a tailwind behind the US dollar, and rendering the actions of our Reserve Bank virtually irrelevant. More>>

ALSO:

Gordon Campbell: On What John Key Should Be Asking Joe Biden

No doubt, US Vice-President Joe Biden will be updating Prime Minister John Key on the chances of a TPP vote taking place in the ‘ lame duck’ session of Congress that’s held between the November’s election and the inauguration of a new President in January. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news