Answered
Question 35477 (2026)
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Asked by
Tangi Utikere
Member for Palmerston North · Labour Party
Question
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What is Ferry Holdings Limited's total forecast operating cost to 2029, and how much of the $1,704 million funding envelope remains uncommitted?
Answered by
Rt Hon Winston Peters
List MP · NZ First · Minister for Rail
Answer
Ferry Holdings has been approved to deliver a programme within $1.704 billion, of which approximately 20% is contingency. Ferry Holdings operational costs for the period from establishment to 2029 are forecast to be $90 million. These are not only administrative costs, as this includes multiple years of permanent project staff, engineering and technical expertise, specialist assurance, and overall programme controls for schedule, risk and contingency management.