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How much, if any, of the tagged contingency established alongside the $1.7 billion Cook Strait Ferry Replacement Programme funding envelope agreed by Cabinet in March 2025 has been drawn down as at 24 July 2026, and for what purposes?

Answered Question 33734 (2026)
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Asked by

Tangi Utikere

Member for Palmerston North · Labour Party

Question

  • How much, if any, of the tagged contingency established alongside the $1.7 billion Cook Strait Ferry Replacement Programme funding envelope agreed by Cabinet in March 2025 has been drawn down as at 24 July 2026, and for what purposes?

Answered by

Rt Hon Winston Peters

List MP · NZ First · Minister for Rail

Answer

All of the tagged contingency established in 31 March 2025 has been appropriated and committed to the programme, but none has been drawn.