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Business pleased with approach to earthquake strengthening
Monday, 11 May 2015
Business pleased with prudential approach to earthquake strengthening
Businesses in the
north will be pleased the government has had a change of
heart over its punitive earthquake strengthening rules, says
Kim Campbell, chief executive of the Employers and
Manufacturers Association.
Building Minister Nick Smith has announced there will be no one-size-fits-all of New Zealand for earthquake strengthening as was proposed.
"The rules were ill conceived," Mr Campbell said.
"A prudential decision on the issue was always going to take a risk based assessment of the need to strengthen all of the nation's buildings; the abandoned draft law did not do that.
"Owners of commercial buildings in lower earthquake risk areas such as Auckland can breathe again.
"The new proposals will see big cuts to strengthening costs based on risk, and changes to the timing when the strengthening work needs to take place."
ends
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