The draft 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 August.
The table below details the three component plans of most immediate relevance to private sector developers and investors.
|Plan||Features and scope||Timeline|
|Economic||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 construction.||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
||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 programmes.||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.