Shane Jones: Regional Development Minister defends financial track record of his regional funds
Heather du Plessis-Allan Drive · Newstalk ZB
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Show Notes
Regional Development Minister Shane Jones is defending the financial track record of his regional funds.
Around half of Crown Regional Holdings' loan book is considered at risk of default.
Most of the $433 million portfolio covers the Provincial Growth Fund and the current Regional Infrastructure Fund, were both looked over by Shane Jones.
Jones says his party supports investment in regions.
"Not too different from what the commercial banks are dealing with, as we speak at this moment."
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