You have your own aromatic

You have your own aromatic

Payment of the Christchurch rebuild host

2013-06-27 09:37:10 | Experience

The Christchurch City Council will stump up the remaining $1.9b of the $4.8b bill craft organizers, Canterbury Earthquake Recovery Minister Gerry Brownlee announced on Thursday.

He says the decision on how the costs will be divided will help advance the rebuild.

"The certainty delivered by today's announcement allows both the crown and the council to make more definitive moves in advancing the CBD's anchor projects," he said.

Timelines and designs for projects will be announced progressively over the coming months, he said.

The major component of the costs is the repairs and rebuild of underground infrastructure - such as water, power and sewers - which will be $2.94b. The government will provide $1.8b and the council $1.14b.

The costs are indicative and Mr Brownlee says they will be the subject of competitive tenders.

"As more below ground infrastructure has been opened up and reviewed, better knowledge of the scale of damage and likely cost of its repair and replacement has become known."

The government will pay the complete $421 million cost of residential, commercial and green space development, called The Frame, Asian college of knowledge management in the central city as well as $284m for a new convention centre complex.

The council will fund the bulk of the $290m for a new stadium.