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Grant Robertson: Cyclone Recovery Minister stands firm on approach to sharing the cost of severe weather events

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The Government is standing firm on it's approach to sharing the cost of severe weather events.

Auckland Council and the Government will jointly fund a $2 billion recovery and resilience package - with the Crown contributing about half.

It includes $774-million to purchase about 700 Category 3 residential properties.

Cyclone Recovery and Finance Minister Grant Robertson told Mike Hosking they've tried to apply the same 50-50 principle for buyouts in each region.

He says different areas have slightly different support for other measures, such as flood protection and transport.

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