Skip to main content

Further to reply 30348 (2026), what proportion of the $531 million Picton works budget and the $325 million Wellington works budget is covered by signed fixed-price contracts rather than estimates, and what cost escalation provisions will apply to the main works contracts yet to be entered, if any?

Answered Question 32004 (2026)
Question published
Reply lodged
Bookmark

Asked by

Tangi Utikere

Member for Palmerston North · Labour Party

Question

  • Further to reply 30348 (2026), what proportion of the $531 million Picton works budget and the $325 million Wellington works budget is covered by signed fixed-price contracts rather than estimates, and what cost escalation provisions will apply to the main works contracts yet to be entered, if any?

Answered by

Rt Hon Winston Peters

List MP · NZ First · Minister for Rail

Answer

Per our reply to 30348 (2026), early contractor involvement and various demolition and design tasks have been contracted while main works contracts will be entered later this year. To maintain the position of Ferry Holdings to carry out commercial activities, providing a dollar sign breakdown to you is not possible.