Treasury expects earthquake rebuilding to lift economic growth.
Audio, Radio New Zealand
The Treasury expects rebuilding after the Canterbury earthquake will help economic growth next year and put upward pressure on inflation.
The Treasury expects rebuilding after the Canterbury earthquake will help economic growth next year and put upward pressure on inflation.
The Government has appointed one of its most senior ministers to oversee the rebuilding of Canterbury following Saturday's 7.1 magnitude earthquake.
Canterbury people whose homes were most damaged in last month's earthquake have waited nearly seven weeks to learn the future of their properties - and now they're being told it could be another two years before their houses are rebuilt.
In Christchurch, almost two weeks after the earthquake, there are more stories coming out which suggest the recovery effort will be lengthy and difficult.
The Reserve Bank says it sees little pressure on inflation from rebuilding after the Canterbury earthquake.
Many of New Zealand's companies are fronting up with large donations to help with rebuilding in Christchurch.
A plan to revitalise the centre of the small rural service town of Kaiapoi will be fast-tracked in the wake of the Canterbury earthquake.
The Social Development Minister, Paula Bennett, says there are thousands of unemployed people in Christchurch who could help rebuild the city.
The Earthquake Recovery Minister Gerry Brownlee says all but a few Cantabrians will be able to rebuild on their original properties.
The Prime Minister, has promised people in Canterbury they will know next Wednesday whether they can rebuild on ground badly damaged by this month's earthquake.
Some Christchurch building owners say a bulldozer's the best option, despite the city council calling for government help to rebuild heritage buildings damaged by the earthquake.
Christchurch owners worst affected by October's quake remain uncertain about their future, despite reassurance by the Earthquake Commission that many of the properties are safe to rebuild on.
The Australian-owned, ANZ Bank, is betting small and medium sized firms will drive earnings next year, bolstered by the Rugby World Cup and rebuilding of the earthquake-hit Canterbury region.
Donations to the Canterbury earthquake fund now total about $11 million. It comes as the Government announced early details of a recovery plan for people wanting money to fix their damaged homes or start rebuilding.
Eleven million dollars has been donated so far to the Canterbury Earthquake Appeal. It comes as the Government announced early details of a recovery plan for people wanting money to fix their damaged homes or start rebuilding.
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