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NZ well-placed to meet multi-billion dollar quake bill

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A damaged railway line following Monday's earthquake, near Tirohanga stream south of Blenheim on NZ's South Island.

Wellington

NEW Zealand faces billions of dollars in damage from the powerful earthquake that hit the country on Monday, but the government's strong balance sheet means it will have little trouble footing the bill, officials and economists said.

Central New Zealand was hit by a 7.8

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