20 Apr 2013

Canterbury economic plan launched

9:40 pm on 20 April 2013

The Canterbury Development Corporation has launched an economic development strategy, which it says is crucial to the city's future.

The strategy was revised following the earthquakes and now takes into account the significant impact the quakes have had on the city's economy.

CDC chief executive, Tom Hooper, says the strategy has identified five main areas which have the potential to boost the economy.

Mr Hooper says the strategies include maximising earthquake recovery opportunities, water resource management and increasing the imports and exports network.

He says the CDC will work with the public and private sector to ensure the strategy gains momentum and is turned into a reality.

The strategy has the potential increase gross domestic product by 54% in about 20 years.