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Did NZTA seek independent financial advice before receiving Cubic's assurances that its $28.9 million loss and negative equity position would not affect programme delivery, and if so, what did that advice conclude?

Answered Question 10421 (2026)
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Asked by

Tangi Utikere

Member for Palmerston North · Labour Party

Question

  • Did NZTA seek independent financial advice before receiving Cubic's assurances that its $28.9 million loss and negative equity position would not affect programme delivery, and if so, what did that advice conclude?

Answered by

Hon Chris Bishop

Member for Hutt South · National Party · Minister of Transport

Answer

The NZ Transport Agency Waka Kotahi has assured me that they have made inquiries into Cubic’s financial position and are confident it is not impacting on programme delivery.