Articles tagged with Seismic Risk
New Earthquake-Prone Building Law Brings $8.2B Relief for NZ Owners
1 week ago | 162 viewsNew legislation refocuses New Zealand's earthquake-prone building system to target only the highest-risk buildings, easing financial burdens on many owners by removing low-risk areas and smaller buildings from mandatory remediation. This approach is expected to save over $8.2 billion nationwide, preserve heritage buildings, and revitalize communities by allowing longer remediation deadlines and reducing unnecessary costs. The Bill, now with the Transport and Infrastructure Select Committee, aims to balance safety with affordability while addressing regional seismic risks more appropriately.
Tags: Chris Penk New Zealand Building and Construction Minister seismic risk unreinforced masonry Auckland Northland Chatham Islands Transport and Infrastructure Select CommitteeNew Earthquake-Prone Building System: Lowering Costs and Enhancing Safety for Communities
3 months ago | 313 viewsBuilding and Construction Minister Chris Penk announced a shift in the earthquake-prone building system to reduce repair costs and revitalize communities. The current system places a heavy financial burden on building owners, leading to abandoned and unsafe structures. The new risk-based system will focus on high-risk buildings in seismic zones, remove NBS ratings, and provide relief by lowering costs and allowing for extensions to remediation deadlines.
Tags: repair costs communities seismic risk building owners Chris Penk seismic zones New Building Standard remediation deadlines seismic hazard area