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

 


Govt stands by Chch as rebuild cost estimate rises

Rt Hon John Key

Prime Minister

28 April 2013       

Media Statement

Govt stands by Chch as rebuild cost estimate rises

The National-led Government is standing behind Christchurch as the estimated cost of the rebuild is revised upwards, says Prime Minister John Key.
 
Mr Key spoke today to the National Party Mainland Region conference in Hanmer Springs, and released new figures showing the extent of the challenge in rebuilding the earthquake-damaged city.
 
“This is the largest and most complex, single economic project in New Zealand’s history.  The scale of the rebuild is unprecedented,” says Mr Key. 
 
“That always meant that it would be difficult to get an exact handle on the total estimated cost straight away.
 
“Treasury has revised upwards its estimate of the total capital cost of the rebuild from $30 billion – the number in last December’s half-year fiscal update – to $40 billion. This will be contained in next month’s Budget.
 
“This estimate includes capital costs incurred by entities, such as commercial entities, as well as the Crown.
 
“The Budget will also show that the estimated net fiscal cost of the earthquakes to the Crown will rise from around $13 billion at the half-year fiscal update last December, to around $15 billion.
 
“Despite this, the Budget will still show the Government is on track to a surplus in 2014/15.
 
“The estimate increases are due in many cases to more precise information becoming available about what the actual costs are across a range of areas, from housing and social investment to infrastructure and commercial development.
 
“These estimates will continue to be updated from time to time, but they do not change the Government’s commitment to Christchurch and Canterbury.
 
“We will do what it takes to rebuild our second largest city, and that commitment will be unwavering.”
 
Mr Key noted that considerable progress was being made on the rebuild.
 
He noted that while the rebuild will be largely built by private sector capital, the Government will put money into delivering core public facilities and services.
 
“We want to focus taxpayers’ money in social assets rather than putting that money into competition with private sector players.

“All this demonstrates our commitment to the people of Christchurch, and Canterbury,” says Mr Key.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Labour’s
Very Bad Year

While Labour leader David Cunliffe still appears to be in denial about the extent of Saturday night’s debacle, there was hardly a single redeeming feature about the election results for the centre-left. Even the victory by Labour’s Stuart Nash in Napier was the outcome of a strong showing by Conservative Party candidate Garth McVicar that split the centre-right vote... More>>

Election: National Win

With all votes counted National and John Key have won a third term and are close to being able to govern alone if they so choose.

Key has indicated he will still reach out to form a Government with ACT, United Future and Maori Party.

National ended the night on 48 percent, Labour 24.6 and the Greens 10. More>>

Overall Results | Live Results | Predictions |

 
 


Perfectly-Timed Anniversaries: Suffrage Day Is Last Chance To Enrol

“The last chance to enrol is Friday 19 September. You can’t enrol on election day.” More>>

ALSO:

Gordon Campbell: On First Time Voting (Greens)

For the last two days, I’ve turned my column over to a couple of guest columnists who are first time voters… Today’s guest columnist is Ana Avia-O’Connor, who will be casting her first time vote on Saturday for the Greens. More>>

ALSO:

Meddling: Aussie Liberals Embroiled In Key Campaign

John Key needs to explain why Australia’s Liberal Party is interfering in New Zealand domestic politics and is encouraging Kiwi voters across the ditch to vote for National just days out from the election, Labour’s campaign spokesperson Annette King says. More>>

ALSO:

SURVEILLANCE:

Election Ad Soundtrack: Rapper Eminem Sues National Party Over Copyright Breach

US rapper Eminem is suing the New Zealand National Party for alleged copyright infringement over unauthorised use of the rapper’s ‘Lose Yourself’ song in an election campaign advertisement. More>>

ALSO:

Big March: Call For An End To Domestic Violence

Hundreds of protesters marched down Lambton Quay to Parliament Monday calling for an end to domestic violence. Wearing white facemasks, waving banners and calling for “safety” for the women and children of New Zealand.. More>>

ALSO:

Pre-Election Chartering: Four New Partnership Schools To Open

Education Minister Hekia Parata today announced the Government has signed contracts to open four new Partnership Schools in 2015. More>>

ALSO:

Werewolf 50 Out Now - The Election Issue: Loss Leaders

Gordon Campbell: A third term requires a mature decision, with eyes wide open. It calls for a conscious vote of confidence… Without trying hard here are about 19 reasons, in no particular order, for not ticking ‘party vote’ National. More>>

ALSO:

Not-Especially New Plans: All Prisons To Become Working Prisons Under National

All public prisons in New Zealand will become full working prisons by 2017, and ex-prisoners will receive post-release drug addiction treatment if National is returned to government, says Corrections Spokesperson Anne Tolley. More>>

ALSO:

Māngere: "False Claim Of Matai Title" - Labour

National must explain why its candidate for Māngere Misa Fia Turner appears to be using a Matai title she is not entitled to, Labour’s MP for Māngere and Pacific Islands Affairs spokesperson Su’a William Sio says. A Matai title is a legally-recognised ... More>>

ALSO:

CPAG Report: No New Zealand Child Should Grow Up In Poverty

Child Poverty Action Group's flagship policy publication Our Children, Our Choice: Priorities for Policy calls for cross party political agreement to underpin an action plan to eliminate child poverty in New Zealand. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
More RSS  RSS News AlertsNews Alerts
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news