Popular
How I Triple My Returns With 3x Leveraged...
How to Find Compelling Charts in Every Sector
EVs Now Emit 73 percent Less Than Gasoline...
Cygnus Metals Limited: Issue of Performance Rights
FPX Nickel Announces Share-Based Compensation Grant
Blue Lagoon Resources Officially Opens Dome Mountain Gold...
At least four killed and many ‘kidnapped’ in...
Universities threatened with funding cuts under proposed plan...
A piece of the illegally felled Sycamore Gap...
EU’s von der Leyen survives parliament confidence vote...
  • Home
HotInvestingPilots.com
  • Politics
  • World News
  • Stock
  • Investing
World News

New Zealand says Cyclone Gabrielle damage could exceed $8 billion

by February 20, 2023
written by February 20, 2023

WELLINGTON — New Zealand warned on Monday the final cost of the devastating Cyclone Gabrielle, which has left at least 11 people dead, could rise above $8 billion as authorities announced emergency funding to help in the recovery efforts.

The cyclone hit the North Island’s northernmost region on Feb. 12 and tracked down the east coast, inflicting widespread destruction. Prime Minister Chris Hipkins has called Gabrielle New Zealand’s biggest natural disaster this century.

“The required investment to reconnect our communities and future-proof our nation’s infrastructure is going to be significant and it will require hard decisions,” said Mr. Hipkins at a news conference announcing an emergency NZ$300-million ($187.08-million) cyclone relief package.

Earlier on Monday Finance Minister Grant Robertson said the total cost to government could be similar to the NZ$13.5 billion (8.42 billion) it spent rebuilding Christchurch after the devastating 2011 earthquake.

Mr. Robertson has been appointed Cyclone Recovery minister, in addition to his existing portfolio.

The interim package provides NZ$250 million to fix critical roads across disaster hit regions, and a further NZ$50 million in emergency support was set aside for businesses and primary producers. More relief and rebuilding funding from the government is expected.

Mr. Hipkins also extended the national state of emergency, which was declared last week for only the third time in its history, a further seven days to help the recovery and relief efforts.

Police have confirmed 11 deaths in circumstances related to the cyclone, most of those have been in Hawke’s Bay in the North Island. Roughly 2,200 people are still unaccounted for.

New Zealand police commissioner Andrew Coster told the AM Show on Monday the number of deaths would likely rise, adding that difficulty with communications is hampering efforts to make contact with affected people.

New Zealand has deployed 60 Starlink satellites, built by Elon Musk-owned SpaceX, with another 30 on the way, to plug gaps in the telecommunications network as roughly 15,000 people across the North Island remain without power.

Recovery efforts are continuing with search and rescue teams still working in cyclone damaged areas, while power and telecommunications remain down for some homes. Roads are closed and people are reporting issues getting cash. — Reuters

0 comment
0
FacebookTwitterPinterestEmail

previous post
Two dozen dead after Brazil rains cause calamity
next post
Daughter of Thaksin banking on nostalgia to win Thailand election

Related Articles

At least four killed and many ‘kidnapped’ in...

July 10, 2025

Universities threatened with funding cuts under proposed plan...

July 10, 2025

A piece of the illegally felled Sycamore Gap...

July 10, 2025

EU’s von der Leyen survives parliament confidence vote...

July 10, 2025

Critics slam Mexico’s gentrification protests as xenophobic. Activists...

July 10, 2025

A torpedoed US Navy ship escaped the Pacific...

July 9, 2025

Germany accuses China of laser targeting aircraft in...

July 9, 2025

More than 200 children found with high lead...

July 9, 2025

Russia launches record drone attack on Ukraine after...

July 9, 2025

Desperate Gaza doctors cram several babies into one...

July 9, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • How I Triple My Returns With 3x Leveraged ETFs!

    July 11, 2025
  • How to Find Compelling Charts in Every Sector

    July 11, 2025
  • EVs Now Emit 73 percent Less Than Gasoline Cars Over Their Lifetime, Says ICCT Study

    July 11, 2025
  • Cygnus Metals Limited: Issue of Performance Rights

    July 11, 2025
  • FPX Nickel Announces Share-Based Compensation Grant

    July 11, 2025
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 hotinvestingpilots.com | All Rights Reserved

HotInvestingPilots.com
  • Politics
  • World News
  • Stock
  • Investing