Earthquake-hit Christchurch, NZ needs US$1.53bn for roads and pipes rebuild

The Stronger Christchurch Infrastructure Rebuild Team (Scirt) in New Zealand says it will cost US$1.53 (NZD 1.77bn) to repair roads and underground pipes in Christchurch damaged by the February 2011 earthquake. However, it only has funding of $1.17 billion (NZD 1.36 billion) and cancellation of some projects is necessary in order to reduce costs by 30%. Scirt has already spent $1.34 billion (NZD 1.56 billion) to repair broken pipes and roads in Christchurch. Raj Manji, the Christchurch city council's financ
May 13, 2014 Read time: 1 min
The Stronger Christchurch Infrastructure Rebuild Team (Scirt) in New Zealand says it will cost US$1.53 (NZD 1.77bn) to repair roads and underground pipes in Christchurch damaged by the February 2011 earthquake. However, it only has funding of $1.17 billion (NZD 1.36 billion) and cancellation of some projects is necessary in order to reduce costs by 30%. Scirt has already spent $1.34 billion (NZD 1.56 billion) to repair broken pipes and roads in Christchurch. Raj Manji, the Christchurch city council's finance manager, said that they might have to find another $137.91 million (NZD 160 million) to fill in the funding deficit.

Related Content

  • Florida highway rebuild project
    May 2, 2018
    Rebuilding a congested stretch of highway in Florida will cut congestion and boost safety for commuters - Mike Woof writes. Florida’s 214km-long I-4 highway provides a key transport route between Tampa and Daytona Beach, but has an unenviable reputation for both congestion and safety, with frequent delays due to heavy traffic as well as crashes. The stretch running through the city of Orlando is particularly prone to jams at peak periods, with huge traffic volumes resulting in vehicles having to slow to a c
    Read More
  • Paying for road development
    April 21, 2016
    All around the world, road expansion and maintenance is both necessary and ongoing. In the developed nations the focus is more on road maintenance and widening, while developing nations are concentrating on new road construction. Road networks are crucial to economic development as well as political stability, which often go hand in hand. The massive growth in the US economy from the 1950s onwards was boosted strongly by the development of the country’s interstate network. But in recent times, funding
    Read More
  • Spanish motorway operators put forward US$1.82bn investment plan
    February 6, 2013
    Around US$1.82 billion (€1.34bn) may be spent improving Spain’s motorway network, according to an investment plan submitted to the Ministry of Development by Aseta, the national motorway operators’ association. Execution of the plan submitted on behalf of Itinere, Abertis and Ferrovial would be in exchange for an extension on the management contracts on their managed motorways, or a raise in toll charges. Works would start immediately and would create some 25,000 jobs. Itinere is preparing to invest €744 mi
    Read More
  • Colombia road plans for capital Bogota
    December 14, 2016
    Colombia’s capital Bogota looks set to gain from key road projects, with te country’s National Infrastructure Agency (ANI) unveiling detailed plans for upcoming works. Plans are being worked on for the widening of the 53km road linking Los Andes and Cajica with the construction of an extra lane. This is a US$$156.56 million project and will be funded by private sources. The pre-feasibility study for the Autopista Norte road extension has already passed the approval stage and this project will also be funded
    Read More

Highlighted Content