A report that found a government programme to help rebuild Christchurch was looking unachievable is out of date, Finance Minister Bill English says.
The Treasury report found the Christchurch anchor project programme, which includes a sports facility, convention centre and a stadium, had already missed key milestones.
The report gave the programme a red rating, and said it was highly likely to need more money.
Canterbury Earthquake Recovery Minister Gerry Brownlee has reacted angrily to the report, saying it is "very much a Wellington bureaucrat view" and "dreadfully pessimistic".
Mr English released the report, entitled Managing Government Investment Projects, yesterday.
