Christchurch schools bill could top $1b
The Government says the cost of repairing Christchurch's quake-damaged schools and tertiary institutions could exceed $1 billion, and insurance may not fully cover the bill.
The draft plan for renewing the South Island city's education system says nearly half of the area's 215 state and state-integrated schools need major repairs, reported Radio New Zealand.
Twenty-nine schools need new buildings because of roll growth and 31 face significant rationalisation because they have fewer students.
The plan says that work will cost between $500 million and $750m over 10 years and repairs to public tertiary institutions will cost a further $300m.
It says insurance will cover only some of the work and the shortfall will have to be met from existing reserves and capital budgets, new government spending and reducing the number of facilities.