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What assurance does the Government have that principal repayments on Ferry Holdings Limited's concessionary loans will commence from 1 July 2028 as assumed, and what is the consequence for the programme if they do not?

Answered Question 33682 (2026)
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Asked by

Tangi Utikere

Member for Palmerston North · Labour Party

Question

  • What assurance does the Government have that principal repayments on Ferry Holdings Limited's concessionary loans will commence from 1 July 2028 as assumed, and what is the consequence for the programme if they do not?

Answered by

Rt Hon Winston Peters

List MP · NZ First · Minister for Rail

Answer

The Statement of Performance Expectations makes the assurance point quite clear: “Term: Up to 2.5 years, with principal repayments due 1 July 2028.”