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Christchurch rail may force private land sale

Private land may have to be bought compulsorily to make way for a commuter rail network in Christchurch.

Tuesday, August 23rd 2005, 8:21AM

by The Landlord

Environment Canterbury (ECan) staff and councillors have discussed the legality of using the Public Works Act to buy properties to make way for a train network should commuter rail gain political and community support.

The discussions follow the release last month of an ECan-funded feasibility study into five options for rail in the region that estimates the cost of building rail infrastructure at between $55 million and $690m.

ECan chairman Sir Kerry Burke said the possibility of using the act to buy land had arisen during talks about ECan's plans between 2006 and 2016.


"Even though we are only at the early stages of (considering) passenger rail, we felt that if we are thinking in a 10-year time-frame, then something should be signalled," he said.

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ANZ 6.04 5.59 6.09 6.19
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
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BNZ - Std 6.09 4.99 5.45 5.45
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CFML Home Loans 6.30 - - -
CFML Prime Loans 6.45 - - -
CFML Standard Loans 7.20 - - -
China Construction Bank 6.44 4.85 4.95 4.95
China Construction Bank Special 6.44 5.85 5.95 5.95
Co-operative Bank - First Home Special - 4.74 5.29 5.59
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Co-operative Bank - Owner Occ 5.34 4.84 5.39 5.69
Co-operative Bank - Standard 5.34 5.34 5.89 6.19
Credit Union Auckland 7.70 - - -
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First Credit Union Standard 6.49 5.69 6.09 -
FMT 7.15 - - -
FMT Development 7.90 - - -
Heartland Bank - Online 5.80 5.89 - -
Heartland Bank - Reverse Mortgage 7.99 - - -
Heretaunga Building Society 6.50 5.50 5.65 -
ICBC 5.39 4.49 4.99 5.25
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Kainga Ora 5.79 4.59 4.95 5.19
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 6.00 ▲5.85 ▲6.29 ▲6.29
Kiwibank - Offset 6.00 - - -
Kiwibank Special ▲6.00 ▲4.95 ▲5.39 ▲5.49
Liberty 6.65 6.55 6.22 6.20
Nelson Building Society ▲6.79 ▲4.99 ▲5.49 -
Pepper Money Near Prime 6.55 - - -
Pepper Money Prime 5.99 - - -
Pepper Money Specialist 8.00 - - -
SBS Bank 5.84 5.39 5.89 5.89
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SBS Construction lending for FHB 3.74 - - -
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SBS FirstHome Combo - - - -
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TSB Bank ▲6.84 ▲5.79 ▲6.29 ▲6.49
TSB Special ▲6.04 ▲4.99 ▲5.49 ▲5.69
Unity First Home Buyer special - 4.15 - -
Unity Special 6.04 4.80 5.29 -
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Westpac Choices Everyday 6.24 - - -
Westpac Offset 6.14 - - -
Westpac Special - 4.99 5.45 5.35
Median 6.19 4.99 5.49 5.59

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