Wellington port’s earthquake repair bill stands at $247m

Wellington port’s earthquake repair bill stands at $247m

Repairing earthquake damage at Wellington’s port will cost NZ$340m ($247m), according to the port’s terminal operator, CentrePort.

The port was hit hard by an earthquake in November. Land subsided while the port’s container terminal was put out of action for a number of months in the wake of the quake.

The port said it has insurance cover. It will spend NZ$23m over the next three years trying to make the liquefaction-prone reclaimed land more resilient. Full repairs of the port are expected to carry on into the next decade.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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