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

 


Crown and Council agree recovery costs

Crown and Council agree recovery costs

Canterbury Earthquake Recovery Minister Gerry Brownlee says the Crown and the Christchurch City Council have marked a major milestone in the rebuild of greater Christchurch, with agreement reached on cost sharing arrangements for the anchor projects in the Christchurch Central Recovery Plan, and the repair and replacement of the city’s essential horizontal infrastructure.

“We’re talking today about an investment of $4.8 billion – $2.9 billion of it coming from the Crown, and $1.9 billion committed by the Christchurch City Council,” Mr Brownlee says.

“Much of this work has been underway for some time, in anticipation of this day, but the certainty delivered by today’s announcement allows both the Crown and the Council to make more definitive moves in advancing the CBD’s anchor projects.

“Negotiations ahead of today’s announcement have been undertaken over a number of months, reflecting the unfolding nature of what we’re faced with in repairing the city’s horizontal infrastructure, and the natural priorities of the Crown and the local authority around what projects should be funded and how they should be developed.

“As more below ground infrastructure has been opened up and reviewed, better knowledge of the scale of damage and likely cost of its repair and replacement has become known.

“We now believe that will cost a combined $2.9 billion – $1.8 billion being the best estimate of the Crown’s likely contribution, and $1.1 billion being the Council’s share.

“Negotiating funding agreements for the anchor projects has reflected priorities in the Council’s longer term planning, and the Crown’s priorities, with a bias in funding and leadership of projects toward each party’s natural community roles.

“Today’s agreement will see the Crown fund $1.1 billion of projects in the Christchurch CBD, and the Council $765 million.

“Today’s milestone gives both the Crown and the Council the ability to plan both the management and development of anchor projects with more certainty.

“New timelines and designs for projects will be announced progressively over the coming months, giving impetus to private sector developers as the public sector’s vision of the CBD becomes clearer.

“We are releasing indicative costings of each project, to give a sense of the scale of what is intended, but obviously there will be competitive processes for each of them,” Mr Brownlee says.

ends

ProjectCCC contribution ($m)Crown contribution including land ($m)Project lead construction
The Frame$0$481Crown
Convention Centre Precinct $0$284Crown
Stadium$253$37Crown
Metro Sports Facility$147$70Crown
Bus Interchange$40$51Crown
Avon River Precinct$6$89Crown
The Square$5$5Joint Crown and CCC
Performing Arts$158 including Town Hall rebuild$8CCC
Central Library$60$19CCC
Car Parking $70$0CCC/Private
Transport Plan$27$44Crown/CCC
Horizontal Infrastructure$1.14b$1.8bCrown/CCC
Total$1.9 billion$2.9 billion

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PARLIAMENT TODAY:

Royals: The Prince Of Wales And Duchess Of Cornwall To Visit

Prime Minister John Key welcomes today’s announcement that the Prince of Wales and The Duchess of Cornwall will visit New Zealand in November. This will be the second joint visit for Their Royal Highnesses to New Zealand. More>>

ALSO:

Tracey Martin Replaced: Ron Mark Is New New Zealand First Deputy Leader

Clayton Mitchell was the successful candidate for the Associate Whip position. Winston Peters was re-elected as Leader by the Caucus. Ron Mark was elected as the Deputy Leader with effect from 10am, Friday, 3rd July. More>>

ALSO:

Rebuild Rebrand: "Regenerate Christchurch" To Replace CERA

The regeneration of Christchurch will be the city’s focus for the next five years as local leadership progressively takes control of the rebuild, Canterbury Earthquake Recovery Minister Gerry Brownlee says. More>>

ALSO:

Nauru: Scholars Urge Minister To Act On Deteriorating Democracy

“Since the 2013 election in Nauru, there has been a series of disturbing developments on the islands that indicate a severe deterioration in the state of its parliamentary democracy and in the rule of law,” say the scholars. More>>

ALSO:

Foreign Affairs: NZ Begins Presidency Of UN Security Council

Prime Minister John Key has welcomed the start of New Zealand’s month-long Presidency of the United Nations Security Council in New York. More>>

ALSO:

Labour: Cash For Charter Schools, Mould For State Schools

“Recently released financial statements show the Whangarei charter school He Puna Marama received $3.9 million in government funding to the end of last year. Yet their audited accounts show they only spent $1.4 million on education, leaving almost $2.5 million over two years unaccounted for." More>>

ALSO:

Kiwirail Plans Shift From Electric: National Urged Not To Take Backwards Step

The National Government shouldn’t drag New Zealand backwards by replacing its climate friendly electric trains with carbon-polluting diesel trains, the Green Party said today. More>>

ALSO:

Capital Connection:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news