Recovery Strategy prepared by the Canterbury Earthquake
Recovery Authority (CERA) provides a timeline for
the planning and work required for the reconstruction of the
greater Christchurch area.
Written submissions are due
by 30 October 2011. The strategy will be finalised in
December for presentation to the CERA Minister Gerry Brownlee in
January next year.
The Recovery Strategy will provide the over-arching framework
for a series of more specific plans, including the Central City
Plan for the CBD released by the Christchurch City Council in
The table below details the three component plans of most
immediate relevance to private sector developers and investors.
Features and scope
To attract and retain investment, business support, sector
capability and labour market supply. It may also include
targeted programmes for specific sectors, such as tourism and
To be finalised by the end of this year.
Finance and funding
To co-ordinate central and local government expenditure.
An external finance reference group will be established in October
and tasked with advising CERA on how to derive maximum value from
earthquake-related funding and on developing methodologies
build a Christchurch investment prospectus, and
create investment ready business cases.
Draft due by April 2012.
Land, building and infrastructure
To identify where, when and how rebuilding can occur and to
provide the tools for prioritising different projects and work
Draft due by April 2012.
The information in this article is for informative purposes
only and should not be relied on as legal advice. Please contact
Chapman Tripp for advice tailored to your situation.
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