RWC to give New Zealand economy “massive boost” 30/03/2010 |
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New Zealand’s prime minister has said that next year’s Rugby World Cup could boost the country’s economy by NZ$1.25bn.
The news comes just days after foreign minister Martin McCully suggested that New Zealand may not be able to afford to stage the tournament again because hosting it was proving to be so expensive.
Prime minster John Key highlighted a recent report by accounting firm Deloitte that had forecast the benefits.
"From a New Zealand government point of view, we are hugely supportive of the tournament because we know it will be hugely successful," he said.
"[It has been] estimated the economic impact is worth about $1.25bn to New Zealand. This is a big event for New Zealand and a big boost for our economy."
The tournament itself is projected to make a loss of about NZ$40m, which will be met by the government and the New Zealand Rugby Union.
Under the hosting agreement with the International Rugby Board, tournament organisers are only able to keep revenue generated from the sale of tickets, which will be launched on April 27.
IRB chairman Bernard Lapasset added: "I'm confident the Rugby World Cup will be embraced by New Zealanders, as it is a once in a lifetime opportunity.
"It will be a massive boost to the economy and position the country on a global basis to a worldwide television audience of 4 billion."
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