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What percentage of the special purpose vehicle holding the Picton main wharf and marine assets will be owned by Ferry Holdings Limited and what percentage by Port Marlborough, and on what basis were those shares determined?

Answered Question 33695 (2026)
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Asked by

Tangi Utikere

Member for Palmerston North · Labour Party

Question

  • What percentage of the special purpose vehicle holding the Picton main wharf and marine assets will be owned by Ferry Holdings Limited and what percentage by Port Marlborough, and on what basis were those shares determined?

Answered by

Rt Hon Winston Peters

List MP · NZ First · Minister for Rail

Answer

There is an old Māori saying, ‘we pay the price, we pluck the duck.’ As such, shares are determined by money contributed.