New Zealand road earthquake damage bill nears NZD 1bn

The cost of rebuilding New Zealand roads damaged by earthquakes in Canterbury and Christchurch has reached almost NZD 1bn (US $808.04 million). It is reported that the money might have to come from the government's NZD 9bn budget to fund the country's land transport plans for the next three years.
August 29, 2012 Read time: 1 min
The cost of rebuilding New Zealand roads damaged by earthquakes in Canterbury and Christchurch has reached almost NZD 1bn (US $808.04 million).

It is reported that the money might have to come from the government's NZD 9bn budget to fund the country's land transport plans for the next three years.

In other news, the 1009 New Zealand Transport Agency options to improve traffic flow at the intersection of Girven Road and Maunganui Road in the Bay of Plenty are said to include the building of a flyover for almost NZD 100million and a signalised intersection for NZD 40 million. The Agency is hoping to make a final decision by the end of 2012 and start construction before the Eastern Arterial road costing NZD 455 million is completed in 2015/2016 fiscal year.

Meanwhile, the Welcome Bay underpass costing NZD 67 million, which will enable motorists to go directly to the Hairini causeway, is scheduled to start construction at the end of 2014. The design and approval phase is expected to take 18 months.

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