To: Chief Reporter
From: Diane Keenan - Communications Team

MEDIA RELEASE 30 April 2009

Government thanked for $15 million AMI Stadium funding

Christchurch Mayor Bob Parker is delighted at the Government’s announcement that it will provide $15 million towards the $60 million redevelopment of AMI Stadium in Christchurch.

In 2007, Christchurch City Council agreed to a $20 million underwrite of the redevelopment to allow it to proceed and be completed in time for the Rugby World Cup 2011.

“The Government’s decision to invest $15 million in the project shows its commitment to making RWC 2011 a great success, and also acknowledges the leading role Christchurch will play in this event,” Mr Parker says.

“The Government’s move also fully endorses the Council’s decision to underwrite the project. It was important we provided the underwrite when we did otherwise Christchurch could not have committed to RWC 2011. A redeveloped AMI Stadium with a seating capacity of 45,000 was the basis for our bid to host two World Cup quarter finals, in addition to pool games.”

“I am absolutely thrilled that the Government has stepped up with this substantial assistance to Christchurch. We are on track to deliver a world-class stadium on time and budget.”

Vbase Chief Executive Bryan Pearson supported the Mayor’s comments and congratulated the Government on its decision and foresight.

“This development will have flow-on benefits throughout the whole community. I also want to acknowledge the Christchurch City Council and its visionary decision to support this redevelopment right from the start. Without that support and underwrite, we would not have been able to proceed and would not have played a leading role in RWC 2011.”

ENDS

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