Skip to main content

Further to reply 27653 (2026), what specifically was the "debt market capacity" constraint that prevented three consortia from each fully financing a bid for the Warkworth to Te Hana project?

Answered Question 30361 (2026)
Question published
Reply lodged
Bookmark

Asked by

Tangi Utikere

Member for Palmerston North · Labour Party

Question

  • Further to reply 27653 (2026), what specifically was the "debt market capacity" constraint that prevented three consortia from each fully financing a bid for the Warkworth to Te Hana project?

Answered by

Hon Chris Bishop

Member for Hutt South · National Party · Minister of Transport

Answer

Debt market capacity constraint refers to the ability of the multiple consortia participating in the Request for Proposals (RFP) to secure full debt finance for each of their bids. Without securing this finance, the RFP process would not be as competitive and would present risks to the procurement process.