Flooding already costs NZ almost $500 million per year - and that price tag could rise | Stuff.co.nz

After months of wild weather across New Zealand, a new report commissioned by the Infrastructure Commission has put a price tag on what the future could look like. It warns that flooding is already costing the country almost $500 million every year, and within 50 years, that figure could climb to more than $700 million annually. Roads, power, water networks, and homes are all in the firing line. Ava Whitworth reports. ----------------------------------------------------------------------------------------------------- Stuff NZ is New Zealand’s essential news source — bringing you live, lively and trustworthy journalism from every corner of Aotearoa. Stay informed with breaking news, in-depth stories, and the latest updates that matter to Kiwis. We upload daily, keeping you connected with the people, places and issues shaping New Zealand today. ----------------------------------------------------------------------------------------------------- Social media channels: TikTok: https://www.tiktok.com/@nzstuff Instagram: https://www.instagram.com/nzstuff