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What insurance, if any, does Ferry Holdings Limited hold in respect of the ships under construction and the port infrastructure works, and what is the annual premium?

Answered Question 33679 (2026)
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Asked by

Tangi Utikere

Member for Palmerston North · Labour Party

Question

  • What insurance, if any, does Ferry Holdings Limited hold in respect of the ships under construction and the port infrastructure works, and what is the annual premium?

Answered by

Rt Hon Winston Peters

List MP · NZ First · Minister for Rail

Answer

None. The fixed price ship contract, approved infrastructure scope, and contingencies are all within the $1.704 billion appropriation for Ferry Holdings Limited costs. Ferry Holdings Limited does not hold any insurance for ships construction or infrastructure works.