18:22 EQC boss admits they may have 'dropped the ball'
Canterbury has a nearly one-in-four chance of a major earthquake of up to 7.0 magnitude, a Government agency has warned.
GNS Science has made the forecast which was revealed to Christchurch city councillors and community board members at a meeting of the Canterbury Earthquake Recovery Authority (Cera), The Press reported.
Roger Sutton, the incoming chief ex ecutive of Cera, said GNS Science had warned of a 23% chance of a magnitude 6.0 to 7.0 quake in the next year.
The risk would drop to 10% the following year, the newspaper reported.
Two hundred business leaders met with Sutton last night to hear the plan to get business up and running again.
Sutton also told the group that Christchurch needed investment to rebuild .
He said the only way for Christchurch to come back stronger after the February 22 quake is through business, and the only way the city will rebuild is if people invest in the city.
Source: ONE News



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