A big quake under Wellington could end its days as the capital city – says new report.
The cost to repair Wellington after a major earthquake could be so high that its days as the capital city could be over.
A quake of a similar magnitude to the one in Christchurch in 2011 would cost New Zealand at least $29 billion and $26b of that would be in the Wellington region – according to a new report prepared by Deloitte and structural engineering firm Miyamoto.
‘The cost of disruption and replacement after a really big earthquake under Wellington could be too much for residents and the nation to bear.
Wellington might never fully recover from such an event’ Miyamoto International chief executive Kit Miyamoto said.