NZ government agrees to fund two thirds of rebuilding Christchurch key projects, infrastructure

Thu, 27 Jun 2013

By Tina Morrison June 27 (BusinessDesk) – New Zealand’s government has agreed to fund two thirds of the cost to rebuild Christchurch key public buildings, precincts and essential infrastructure such as water pipes and roads damaged by the 2010-11 earthquakes, with the city council funding the other third. The government will contribute $2.9 billion for so-called anchor projects in the Christchurch Central Recovery Plan and the repair and replacement of essential horizontal infrastructure, while Christchurch City Council will contribute $1.9 b...

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