New Zealand launches global fund-raiser for post-cyclone reconstruction
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Crews repair powerlines that have been damaged by Cyclone Gabrielle near Napier on Feb 18.
PHOTO: AFP
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SYDNEY – New Zealand will launch an international fund-raising appeal for the massive reconstruction work needed after Cyclone Gabrielle tore across the country’s north
The appeal will fund longer-term recovery projects and target wealthy expatriates, businesses and anyone with affection for New Zealand, said Prime Minister Chris Hipkins on Monday. Facebook owner Meta has offered to promote the appeal, he added.
“One of the things we know from past events is that there are people abroad with very strong connections to New Zealand who want to be able to make a contribution,” Mr Hipkins said at a news conference announcing the initiative.
The appeal will be modelled after the 2011 Christchurch earthquake fund-raiser, which collected more than NZ$94 million (S$78 million).
Cyclone Gabrielle hit New Zealand’s North Island on Feb 12 and battered roads and bridges, leaving tens of thousands without power across an area that makes up a third of the country. Police are still searching for four missing people.
A national state of emergency, only the third declared in the country’s history, will continue in cyclone-hit regions.
Mr Hipkins said the government is considering “all the options” to pay for reconstruction, forecast to have a similar price tag to the NZ$13.5 billion spent after the Christchurch earthquake.
The government is under pressure to avoid spending that could worsen inflation after New Zealand’s central bank raised interest rates to the highest level in 14 years and flagged more increases to come. REUTERS
