New Zealand pledges $720 mln for cyclone and flood recovery

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New Zealand pledges $720 mln for cyclone and flood recovery
France Dernières Nouvelles,France Actualités
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The New Zealand government said on Sunday it was allocating NZ$1.1 billion ($720 million) to help communities recover from a cyclone and floods that lashed the country this year.

"At Budget 2023, the Government is investing $941 million total operating and $195 million capital in the next stage of the recovery," the statement said.

The government has estimated the cost of the disasters at up to NZ$14.5 billion, the country's costliest disaster after the 2011 Canterbury earthquakes, which severely damaged the city of Christchurch. "The recovery package responds to the immediate recovery needs of today and invests in greater resilience for tomorrow,” said Prime Minister Chris Hipkins.

The spending "will get roads, rail and schools back to where they were before the extreme weather hit this year so communities can get back to normal as soon as possible," he said in the statement.

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