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Christchurch Faces 20-Year Post-Quake Rebuild, Fletcher CEO Says

Christchurch, New Zealand’s second-largest city, faces as many as 20 years of rebuilding following the earthquake in February that wrecked a third of its central business district, according to Fletcher Building Ltd.

“There will not be a finite day on which this is finished,” Jonathan Ling, chief executive officer, said in an interview at Fletcher’s Auckland offices. “There will be new buildings going up in the CBD on empty blocks probably for 10, 15 or 20 years.”