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Further to reply 30351 (2026), what was the quantum of the first milestone payment made on signing in November 2025, and what proportion of the total contract price will have been paid before construction of the vessels commences?

Answered Question 32016 (2026)
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Asked by

Tangi Utikere

Member for Palmerston North · Labour Party

Question

  • Further to reply 30351 (2026), what was the quantum of the first milestone payment made on signing in November 2025, and what proportion of the total contract price will have been paid before construction of the vessels commences?

Answered by

Rt Hon Winston Peters

List MP · NZ First · Minister for Rail

Answer

This information cannot be disclosed at this time, but as it is a fixed price contract the total payments add up to $596 million.