NZC's ICC representative Mark Snedden said the proposal, which has been put off for some time for the want of an amicable consensus, would be beneficial to New Zealand.
He rejected criticism that it was an attempt by India to take control of the ICC due to the huge revenue contribution it makes to the world body.
"I think one of the problems the ICC has had in recent years was that India has been outside of the camp rather than inside it," Snedden said.
Snedden said the NZC's revenue is set to increase from USD 52 million to USD 70 to 100 million if the plan goes ahead.
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"There was a lot of speculation in the media last week that we would get some crumbs from the big guys and just end up playing mainly the small guys," he told New Zealand's Radio LiveSport from Dubai.
"That's not going to happen. We've locked in good commitments from Australia, England and India through that 10-year period (to 2023).