Christchurch quake cost rises $10B to $40B

Sun, 28 Apr 2013

April 28 (BusinessDesk) - The Christchurch rebuild just got $10 billion more expensive, of which the government expects to provide $2 billion, Prime Minister John Key has told the National Party's South Island regional conference. But that won't stop the government forecasting to achieving its political totem of a return to fiscal surplus in the year to June 2015 in the annual budget, to be published May 16. The revised Treasury estimate adds 25 percent to the previous official estimate for earthquake rebuild of $30 billion, published in the...

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