The current estimate of the rebuild of greater Christchurch suggests that Government funded projects will make up about 25% of the total rebuild. This makes the Crown a major client to greater Christchurch's construction market. The Crown is actively investigating ways of improving its market power.
The next year will see the rebuild kick into top gear with the work underway in the CBD on both the horizontal and vertical infrastructure. A number of the anchor projects are scheduled to start construction in 2013 and 2014 including: Avon River Precinct, East Frame, Health precinct, Bus Interchange, Justice and Emergency Services Precinct, Central Library and South Frame.
A number of irrigation projects in the Canterbury area will be looking to move to the next stage, developing detailed business cases and determining whether to proceed.
The final determination will known on the Orion Electricity Customised Price Path, providing a steer to the industry on key issues of funding for resilience and insurance.