World leading earthquake risk management
Policy to be released in July
Wellington City is exposed to a significant risk from earthquakes. The way we manage this risk dictates both the consequences of an event; and, the overall prosperity of our city before and after such an event takes place.
Risk tolerance is critical here. Being too intolerant to risks, places undue costs on the city. Being too tolerant could put innocent people in harms way.
For the last few years, increasing our approach to earthquake risk management has placed real strain on Wellington city. We need to become the best city in the world at understanding and managing earthquake risks to ensure we get the balance right.