Foreign investors undeterred, says govt agency

6:45 am on 5 March 2011

A government agency says foreign investors show no signs of abandoning investment plans in New Zealand despite the two major earthquakes in Canterbury.

New Zealand Trade and Enterprise (NZTE) says the disasters may even attract extra investment.

It says the foreign investors it's in touch with give no indications of deferring investment plans because of the quakes.

The head of NZTE's investment arm, Graham Matthews, says a European firm that had planned to spend $20 million across New Zealand has now decided to spend it solely in Christchurch.

Mr Matthews says international firms, especially those in construction and infrastructure, may flock to help rebuild the city.

Lenders to the Government also show no sign of shying away: sales of government debt since the 22 February earthquake have attracted strong buying interest from investors.