The National-led Government has established the $5.5 billion Canterbury Earthquake Recovery Fund to provide certainty for the rebuild. We are also creating an earthquake Kiwi Bond, which will generate funds to help meet the Government’s share of rebuilding Christchurch.
The Canterbury Earthquake Recovery Authority (CERA) will receive $25 million over two years to support the rebuild, and the welfare of residents.
To meet future needs, construction-related training will have 1500 extra places worth $42 million, taking the total to 4,500 places. Budget 2011 also allocates $10 million for social service agencies and counselling support.
Over the next five years CERA will work as a stand-alone government department to provide an effective, timely, and coordinated recovery effort following the two devastating earthquakes in Canterbury. This new authority is an important step towards restoring the social, economic, cultural, and environmental well-being of Canterbury.
CERA will worth with local Councils, businesses, non-government organisations, and Cantabrians to get Canterbury back on its feet.
For more information visit: http://national.org.nz/budget2011/Rebuilding_Canterbury.pdf
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