SQ Transp 2048

Smart Choices for Christchurch - A Tale of Two Networks

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Smart choices for Christchurch - A Tale of Two Networks.

Tuesday 19 May, 7:00-9:00pm, The Oak Room, The Atrium, 455 Hagley Avenue Christchurch

The Christchurch City Council has developed spending plans for the next ten years that may exceed its income by $1.2b. Independent Auditor’s Report in the CCC Consultation Document states: There remains a high level of uncertainty about both the estimated costs to repair and rebuild the Council’s assets, and also the optimal funding package to pay for the work.

Despite these uncertainties, and the unpopularity of several of the anchor projects, Council wants the right to sell “any or all” of large strategic assets including Orion Power, Christchurch Airport Company, and Lyttelton Port Company. Acknowledging that “all these commercial assets [companies owned by Christchurch City Holdings ltd (CCHL)] are important to and add value to the city”, Council asks: Is it in the city’s best interest for Council to retain its current shareholding in some of these companies?

Dick Werry and Peter Harris will lead a discussion based on a case study of the very different outcomes in Wellington resulting from the privatisation of the electricity network and the retention of the water network in Council ownership. This will indicate that it is in the best interests of Council and citizens to retain ownership

This event is co-hosted by the NZ Fabian Society, Sustainable Otautahi Christchurch, Unions Canterbury/NZ CTU, Christchurch Council of Social Services and Keep Our Assets Canterbury. Peter Harris is a former Deputy Chair of the Electricity Commission and Dick Werry is a fomer chair of the Utility Services Committe of thr Wellington Regional Council.

 

 

 

 

 

 

 

When
May 19th, 2015 from  7:00 PM to  9:00 PM
Location
455 Hagley Ave
Christchurch,
New Zealand