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Why does the November 2025 published figure of $531 million for Picton infrastructure differ from the sum of the $373 million Ferry Holdings Limited contribution and the $110 million Port Marlborough contribution announced on 17 July 2026, and what accounts for the difference?

Answered Question 33730 (2026)
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Asked by

Tangi Utikere

Member for Palmerston North · Labour Party

Question

  • Why does the November 2025 published figure of $531 million for Picton infrastructure differ from the sum of the $373 million Ferry Holdings Limited contribution and the $110 million Port Marlborough contribution announced on 17 July 2026, and what accounts for the difference?

Answered by

Rt Hon Winston Peters

List MP · NZ First · Minister for Rail

Answer

We found further efficiencies in the Picton programme and acted on them. Had this type of scope control occurred under iReX, perhaps it wouldn’t have blown out by billions…