Skip to main content

What penalties, liquidated damages or incentive payments, if any, are provided for in the infrastructure delivery agreements signed in June 2026 between Ferry Holdings Limited, Port Marlborough, CentrePort and KiwiRail Limited in the event of late delivery or cost overrun?

Answered Question 33693 (2026)
Question published
Reply lodged
Bookmark

Asked by

Tangi Utikere

Member for Palmerston North · Labour Party

Question

  • What penalties, liquidated damages or incentive payments, if any, are provided for in the infrastructure delivery agreements signed in June 2026 between Ferry Holdings Limited, Port Marlborough, CentrePort and KiwiRail Limited in the event of late delivery or cost overrun?

Answered by

Rt Hon Winston Peters

List MP · NZ First · Minister for Rail

Answer

This information is not disclosed as they are commercial activities. We will never release information that puts taxpayer funds at risk. However, we are satisfied the arrangements place performance incentives appropriately to encourage on-time, on-budget delivery as outlined in our speech dated 17 July 2026.