Councilís share of storm costs estimated at $1.8M - 29/08/2006The total cost of the July 2006 storm is estimated at more than $13M, with the Wanganui District Council's share currently predicted to be $1,815,000.
However, chief financial officer Julian Harkness says, in a report to the Finance and Administration Committee, that the cost will change as more information comes to light. The Council expects the repair work to take at least two years and the cost will be shared over at least two rating years.
Current estimates, totalling $13,445,000, are:
- includes roading repairs, work involving debris, demolition and eventual removal of the Bailey Bridge at the Ngaturi Bridge site and a replacement for the Ngaturi Bridge.
- includes emergency water supply for Mowhanau, Kai Iwi No 3 bore, Waitahinga Dam and Fordell water supply.
Estimates for funding the work are currently based on Land Transport New Zealand financial assistance at 87 percent ($11.6M) and Ministry of Civil Defence reimbursement of the welfare costs ($30,000). It is proposed that the remainder be funded by loans through the Council's roading ($1.7M) and water ($115,000) activities.
The Finance and Administration Committee will consider the report at its meeting on Tuesday, September 5. The Wanganui Rural Community Board, which meets on Thursday, August 31, will also receive an update on infrastructure issues arising from the storm.