Auditor gives mixed report on EQC for Christchurch rebuild

Tue, 05 Nov 2013

Nov. 5 (BusinessDesk) – The Earthquake Commission gets a mixed report from Auditor General for managing home repairs after the Canterbury quakes, with a pass mark for managing the programme and controlling costs, and a fail for how it has dealt with homeowners. By June this year, the state-owned disaster insurance provider had repaired more than 40,000 homes, or just over half of those it is responsible for, at a cost of about $1.5 billion. The cost includes $154 million for home-heating and emergency repairs and $180 million on project manage...

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