Key confirms new leaky homes package

The Government will today present a new package to local authorities on how to divvy up payment of the billions it will take to repair thousands of leaky buildings, Prime Minister John Key confirmed today.

Mr Key told Newstalk ZB the package would be "significantly" more than the offer the Government made before Christmas, and which mayors rejected.

At that time, it proposed that homeowners should pay 65 per cent, councils 25 per cent and the Government 10 per cent.

Details will be announced at 4pm by Mr Key and Buildings and Construction Minister Maurice Williamson.

It is a pre-Budget announcement, suggesting it is a done deal, as Thursday's Budget has been finalised.

Mr Key told Newstalk ZB the sums involved had gone up "significantly" compared to the last offer.

"It's the best offer we can do."

To read the full NZ Herald story click here

Posted: 17 May 2010

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