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Does he stand by his statement that the previous Cook Strait ferry project was hijacked by expensive consultants, and how is this consistent with Ferry Holdings Limited's forecast consulting and professional fees of $7.156 million and assurance fees of $1.417 million for the year ending 30 June 2027?

Answered Question 33690 (2026)
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Asked by

Tangi Utikere

Member for Palmerston North · Labour Party

Question

  • Does he stand by his statement that the previous Cook Strait ferry project was hijacked by expensive consultants, and how is this consistent with Ferry Holdings Limited's forecast consulting and professional fees of $7.156 million and assurance fees of $1.417 million for the year ending 30 June 2027?

Answered by

Rt Hon Winston Peters

List MP · NZ First · Minister for Rail

Answer

Yes. $8.5 million is 0.2125% of $4 billion, which is the number Treasury warned the previous Government iReX was on course to hit.