Cera still not paid its share

LOIS CAIRNS
Last updated 05:00 03/11/2012

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The Government is still dragging the chain on paying its share of Christchurch's infrastructure rebuild costs.

For several months the Christchurch City Council has been picking up the full cost - estimated at $40 million a month - of the work being done by the Stronger Christchurch Infrastructure Rebuild Team (Scirt) on repairing and rebuilding the city's earthquake-damaged roads and underground services.

That is because the Canterbury Earthquake Recovery Authority (Cera) has not yet put the business case for the appropriation of its share of the costs to the Cabinet.

Councillors were told last month the business case would go to the Cabinet this month, but the council's corporate and financial committee yesterday learnt it was now likely to be early next year.

Council corporate finance manager Diane Brandish said Cera was looking at submitting an interim report to the Cabinet so it could obtain some of the funds due to the council.

This was likely to happen by the end of the year.

Latest council figures show it has accrued more than $160m in recoveries from the Crown for the rebuild. It has received nearly $66m in payments from the Crown.

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- The Press

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