17 April 2014
The Christchurch Rebuild – Gaining Momentum: Speech to Canterbury Employer’s Chamber of Commerce
It’s great to be here in Christchurch today.
Thank you to everybody attending today, and thanks to the Canterbury Employers’ Chamber of Commerce for hosting this event.
One of the National-led Government’s four main priorities this term is to support the rebuilding of this, our second-biggest city, and to stand beside the people of Canterbury.
From the first earthquake in September 2010, the Government has totally backed Christchurch and the wider region to respond, to recover and to rebuild.
A lot of that backing is financial. The Government’s total contribution to the rebuild is now expected to be around $15 billion, of which $7.3 billion is from EQC net of reinsurance proceeds.
At the moment, we are paying an estimated $9 million every working day in rebuild invoices.
And this rebuilding programme is driving the regional economy.