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New Zealand Earthquake Liability rises from 3 to 7 billion dollars

Re: New Zealand Earthquake Liability rises from 3 to 7 billion dollars

30,000 houses munted

Finance Minister Bill English today said the Earthquake Commission (EQC) had increased its liability by about $4b to $7.1b. The total cost to the Government is $12.9b.

The new estimates will run down the Natural Disaster Relief Fund to zero, leaving the Government to pay for any shortfall and to foot the bill on any fresh disasters.

http://www.stuff.co.nz/the-press/news/christchurch-earthquake-2011/5531256/30-000-houses-munted
 
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