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Quake to cost $4b - Treasury estimate

Estimates about the cost of the Canterbury earthquake have doubled to $4 billion.Treasury Secretary John Whitehead told media the previous estimate of $2b was in relation to Earthquake Commission (EQC) liabilities only."The cost faced by the EQC, ind

NZPA
Wed, 08 Sep 2010

Estimates about the cost of the Canterbury earthquake have doubled to $4 billion.

Treasury Secretary John Whitehead told media the previous estimate of $2b was in relation to Earthquake Commission (EQC) liabilities only.

"The cost faced by the EQC, individuals, and insurance costs will probably be of the order of $4 billion," Mr Whitehead said.

NZPA
Wed, 08 Sep 2010
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Quake to cost $4b - Treasury estimate
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