The Treasury

Global Navigation

Personal tools

You are here: Home > Budgets > Budget 2016 > Budget Speech


Budget 2016 Home Page Budget Speech - Budget 2016

Christchurch regeneration

Mr Speaker,

Since the first Christchurch earthquake in September 2010, the Government has backed Cantabrians in the initial response, and now in the recovery and regeneration of the region.

I want to acknowledge the leadership of my colleague Gerry Brownlee.

Taxpayers' financial commitment to the Christchurch regeneration now stands at more than $17 billion - around $700 million more than signalled in the last Budget.

Nearly six years after the first earthquake, the Canterbury community can take real pride in what has been achieved.

Almost 100,000 cash settlements have been made by EQC, which has also resolved more than 60,000 land claims. Around 68,000 homes have been repaired in the Canterbury Home Repair Programme.

In Christchurch's central business district, 97 per cent of the horizontal infrastructure repairs have been completed.

Overall, $3.9 billion of public sector projects are completed or are under construction, with almost $800 million more forecast to begin in the next six months.

Three anchor projects have been completed in Christchurch - the Hagley Park cricket oval, the bus interchange and the Margaret Mahy family playground.

Work is progressing on the Metro Sports Facility and the Convention Centre.

The recovery phase in Christchurch formally came to an end last month, with the expiry of the Canterbury Earthquake Recovery Act.

The Government will now progressively step back from its leadership role in Christchurch.

Local organisations have been set up to deliver on the Government's ongoing commitment to the city and the wider region.

This new regeneration phase is not just about rebuilding Christchurch, but also fulfilling the long-held potential of New Zealand's second largest city.

Page top