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What is the interest rate, term and repayment schedule of the $1.6 billion 10-year Crown loan to NZTA financing the Crown Capital Contribution for Warkworth to Te Hana, and what is the total interest payable over that term?

Answered Question 34446 (2026)
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Asked by

Tangi Utikere

Member for Palmerston North · Labour Party

Question

  • What is the interest rate, term and repayment schedule of the $1.6 billion 10-year Crown loan to NZTA financing the Crown Capital Contribution for Warkworth to Te Hana, and what is the total interest payable over that term?

Answered by

Hon Chris Bishop

Member for Hutt South · National Party · Minister of Transport

Answer

The interest rate and repayment schedule of the $1.6 billion Crown loan is commercially sensitive. Cabinet agreed that the loan terms would be on a commercial basis. The annual debt servicing costs (principal and interest payments) to NZTA of the $1.6 billion Crown loan is forecast to represent around 2.5 percent of NLFT charge over the first decade of the operational period. The term of the loan is 10 years, applied to each drawdown.