NZ Expects Cyclone Recovery to Cost Billions as Death Toll Rises
- NZ dealing with biggest weather-related event this century
- Thousands remain displaced, without power as clean-up goes on
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The New Zealand government expects the cost from the devastating cyclone that ravaged the country’s North Island this week to be in the “multi-billions,” Finance Minister Grant Robertson said in an interview with local media Sunday.
Robertson told TVNZ’s Q+A programme it was still very hard to judge the true extent of damage given thousands of people in the Hawke’s Bay and Gisborne regions remain without shelter, power and water.