Christchurch Earthquake

June 16, 2011 by staff 

Christchurch EarthquakeChristchurch Earthquake, On June 13 the city of Christchurch was beaten with another series of earthquakes, leaving the city, facing even greater damage and devastation, and even more the costs of reconstruction. The country is now looking to see the effect of recent events have on economic growth, what changes could prompt the government to carry out the tax system, and what the impact on the ever-increasing costs of reconstruction earthquake destroyed the city.

According to the international disaster Eqecat signature models, the cost of the last earthquake could reach as high as 6 billion NZD. The assessment adds to the cost estimates already calculated in NZD 15 billion for the last two major earthquakes. However, Finance Minister Bill English has already presented the question of the estimate, saying he sees no basis for “a number like that.” He added that the figures were not conducted safety assessments, and interested investors should wait several weeks until the government is able to examine the damages properly new.

Following the earthquake, and how new applications for insurance are made in property damage, and there are some growing concerns about whether national insurance companies are willing to open new housing policies in certain parts of the city, as they are in areas of high earthquake risk.

With the latest earthquake were renewed calls on the government to reconsider the instantiation of the earthquake rate in New Zealand taxpayers, to raise funds for the reconstruction of Christchurch. Finance Minister Bill English has already said there will be no levy. However, he kept his mouth shut or how the government will finance the costs of the latter, that a clearer answer is when the exact number of the last strike is called.

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