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What conditions were required to be satisfied for financial close of the Warkworth to Te Hana public-private partnership on 30 July 2026, and on what date was each satisfied?

Answered Question 34453 (2026)
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Asked by

Tangi Utikere

Member for Palmerston North · Labour Party

Question

  • What conditions were required to be satisfied for financial close of the Warkworth to Te Hana public-private partnership on 30 July 2026, and on what date was each satisfied?

Answered by

Hon Chris Bishop

Member for Hutt South · National Party · Minister of Transport

Answer

Financial close was subject to customary conditions precedent, including the contractor obtaining a binding ruling from Inland Revenue and Overseas Investment Office consent. All of these conditions were satisfied on or before 30 July 2026.