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What provisions, if any, does the Warkworth to Te Hana Project Agreement contain for sharing refinancing gains, and for Crown consent to any change of control or sale of equity by consortium members?

Answered Question 34452 (2026)
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Asked by

Tangi Utikere

Member for Palmerston North · Labour Party

Question

  • What provisions, if any, does the Warkworth to Te Hana Project Agreement contain for sharing refinancing gains, and for Crown consent to any change of control or sale of equity by consortium members?

Answered by

Hon Chris Bishop

Member for Hutt South · National Party · Minister of Transport

Answer

The Project Agreement requires the contractor to share refinancing gains with NZTA in certain circumstances and does include restrictions on the sale of equity and on changes of control.