APN News

New Zealand Cabinet Approves Quake Funding Package

New Zealand cabinet on Monday made an initial 5 million NZ dollars (3.5 million U.S. dollars) contribution to the mayoral fund set up to help those affected by the magnitude 7.1 earthquake on Saturday near Christchurch.

The welfare fund is to assist people not covered by other agencies such as Work and Income.

Prime Minister John Key said Cabinet will make 94 million NZ dollars from the emergency works budget available immediately so work can start on fixing roads.

Key said the state highway network has held up well, but there is extensive damage to residential streets.

He said the 5 million NZ dollars marked just the start of the government’s financial contribution, and the cost of restoring infrastructure will run into hundreds of millions of dollars.

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