Centre Port

Repairing earthquake damage at Wellington's port will cost $340 million, CentrePort says.

Wellington's port would be unusable if a large earthquake struck within the next three months, senior officials says.

Wellington's quake-damaged CentrePort has about $600 million worth of insurance to draw on in the aftermath of the Kaikoura earthquake.

Wellington's regional council is bracing for a dividend hit as the capital's port faces repair costs, fewer ships calling and the loss of waterfront rent.

CentrePort of Wellington is extending its operations in a move that could cut 16,000 trips by logging trucks over the Rimutaka Hill each year.