Monday, April 22, 2013

Dominion Post comment today - can we afford not to earthquake strengthen?

John McClure is right to some extent, we cannot afford the risks of failing to earthquake strengthen. The cost to to a minimal re-strengthening of all prone buildings has been estimated at around $1.6b. If the state were to help owners, this is not a significant cost for the country as a whole (appreciating however this is challenging for many owners). The Government are spending $1b alone on Transmission Gully.