OPINION: A new report by structural engineer Kit Miyamoto and Deloitte has put a dollar figure on how much a Kaikoura-like quake under Wellington would cost the region and the country in lost economic activity.

At $29 billion, that figure is big.

Consider also the costs of repairing the city, which would almost certainly be far greater than the rebuild bill for Christchurch, and it’s fair to assume that rebuilding the capital would be doubtful…

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