Womad NZ secures $1.9 million underwrite
The New Plymouth District Council has recognised Womad NZ's $6m contribution to the local economy by agreeing to insure the festival
News By IQ | 26 May 2021
Womad New Zealand has secured a NZ$1.9 million (US$1.3m) underwrite from New Plymouth District Council (NPDC) in case the festival is cancelled due to Covid-19.
The news comes after NPDC last week announced it had renewed its host city deal for the New Zealand edition of the international arts festival, for another five years.
Following a meeting on Tuesday (25 May), the council has now agreed to eliminate the financial risk posed by a potential Covid-19 outbreak for the…
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