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How much of the $1.7 billion Cook Strait Ferry Replacement Programme funding envelope is forecast to be spent in each of the financial years 2026/27, 2027/28 and 2028/29, given that Ferry Holdings Limited's Statement of Performance Expectations 2026/27 forecasts total programme costs of $185.862 million to 30 June 2026 and $327.036 million in 2026/27?

Answered Question 33727 (2026)
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Asked by

Tangi Utikere

Member for Palmerston North · Labour Party

Question

  • How much of the $1.7 billion Cook Strait Ferry Replacement Programme funding envelope is forecast to be spent in each of the financial years 2026/27, 2027/28 and 2028/29, given that Ferry Holdings Limited's Statement of Performance Expectations 2026/27 forecasts total programme costs of $185.862 million to 30 June 2026 and $327.036 million in 2026/27?

Answered by

Rt Hon Winston Peters

List MP · NZ First · Minister for Rail

Answer

There will always be overs and unders between financial years in a delivery programme with a multi-year appropriation. Updated forecasts will be provided in each Statement of Performance Expectations and Annual Report.