Managed retreat compensation packages recommended

Managed retreat compensation packages recommended
Some properties at Muriwai will not be safe to live in again. (Image: Getty)
Greg Hurrell
A report from an expert group has recommended homeowners, landlords and commercial property owners are compensated for managed retreat related to climate change based on avoiding hardship.That focus means the owners of holiday homes would, in general, receive nothing beyond demolition and cleanup costs if they had to be abandoned.The Expert Working Group on Managed Retreat report was released on Aug 15, along with a Ministry for the Environment (MfE) report that explores the options for managed retreat. It was tasked with designing a manag...

More Infrastructure

BP exits Channel Infrastructure in $46m deal
Infrastructure

BP exits Channel Infrastructure in $46m deal

BP follows Mobil and exits former Marsden Point oil refinery business.

Oliver Lewis 19 Jun 2024
Email from CCHL boss reveals dividend frontloading trade-offs
Infrastructure

Email from CCHL boss reveals dividend frontloading trade-offs

Paul Silk sent his email shortly before the director exodus.

Oliver Lewis 18 Jun 2024
Average household spends 16% of income on infrastructure – report
Infrastructure

Average household spends 16% of income on infrastructure – report

A new report from the Infrastructure Commission said the average household spends about 16% of their after-tax income on infrastructure services, or about $13,500 a year.The report on user charges for infrastructure services such as water, roads and electricity analysed what is c...

Kaya Selby 17 Jun 2024
City deals expected by 2025
Infrastructure

City deals expected by 2025

Deals tipped to reshape relationship between central and local government.

Kaya Selby 17 Jun 2024