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The Government’s Building Infrastructure progress report issued today sets out 67 infrastructure initiatives being undertaken to help build a more competitive economy, Finance Minister Bill English says.

“For businesses to invest in plant and facilities in New Zealand, they need to be confident that they will have access to infrastructure that supports their businesses – transport, energy, water and telecommunications,” he says.

  • Bill English
  • Finance
  • Canterbury Earthquake Recovery

An updated valuation of estimated Canterbury earthquake costs – including $450 million relating to the quake on 23 December 2011 – are reflected in the Government’s accounts for the eight months to 29 February.

Combined with core Crown expenses remaining significantly below forecast, and core Crown tax revenue continuing to track below forecast, the extra earthquake costs left a $5.5 billion operating deficit before gains and losses in the eight months, Finance Minister Bill English says.

  • Bill English
  • Canterbury Earthquake Recovery
  • Finance