National has today reaffirmed its commitment to the rebuild of Christchurch, but its proposed changes have been dismissed by Labour as an admission of defeat.
Prime Minister John Key announced this afternoon that the Canterbury Earthquake Recovery Authority (CERA) would be made an agency within the Department of Prime Minister and Cabinet.
This would allow CERA to have its functions wound down gradually instead of being suddenly cut off at its scheduled expiry date in April 2016.
"The notion that everything finishes and the Government involvement finishes in 2016 is not realistic and we're trying to show Cantabrians there's a long-term commitment to the future of their rebuild," Mr Key told reporters after a speech to the Canterbury Chamber of Commerce in Addington.
He added: "The really key piece of advice we've had from our officials is that you can't come to an abrupt end. There's a big work programme here and you need a transition phase.