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Show me the money!!

Wednesday 19 February 2014 | Published in Letters to the Editor

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Dear editor, Te Mato Vai is a very expensive project and the figures we see in the Te Mato Vai Master Plan and the Government “consultations” don’t give as a clear idea of the actual cost – so here is another way to look at it: PHASE ONE – the Chinese “done deal”!! The ring mains are to cost $23,161,000 – with interest that comes to over $28 million and the repayment will be over $1.41 million every year for the next 20 years.

Dear editor, Te Mato Vai is a very expensive project and the figures we see in the Te Mato Vai Master Plan and the Government “consultations” don’t give as a clear idea of the actual cost – so here is another way to look at it: PHASE ONE – the Chinese “done deal”!! The ring mains are to cost $23,161,000 – with interest that comes to over $28 million and the repayment will be over $1.41 million every year for the next 20 years.


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