Racing Minister Winston Peters announced at a public meeting held in Invercargill on Wednesday night that three all-weather tracks have been earmarked for construction around New Zealand.

As reported by the Otago Daily Times, he said each track would be financed through the provincial growth fund.

''We know that we are going to have to have three all-weather tracks in this country.''

''There will be one probably around the Waikato, there will be one probably around Awapuni - I don't know where exactly - and one in the South Island.

''Likely to be near Christchurch. You can't muck around, you can't have 38, 46 events being cancelled and all the losses involved.''

''This will be funded, I might add, by the provincial growth fund, but we want clubs to put their share up as well.''