16 Mar 2004

Niue trust fund relaunch considered

4:27 pm on 16 March 2004

There are renewed prospects of Niue having a trust fund established by its main aid donors.

New Zealand's Foreign Aid Minister, Marion Hobbs, who has just completed a tour of the cyclone devastated island, says she intends revisiting the trust fund idea.

Plans were already in place for such a fund and New Zealand had made an allocation but after Cyclone Heta struck that money was redirected to the disaster recovery effort.

Ms Hobbs says Australia and the EU have indicated they would also contribute to a trust fund.

Meanwhile, Ms Hobbs says there are estimates that Niue will need up to 25 million US dollars to pay for the restoration of services wrecked by the cyclone.