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On what basis is the claimed saving of approximately $2.3 billion against Project iReX calculated, including the assumed iReX total cost, the price basis or reference year used, and whether the figure is expressed in nominal or real terms?

Answered Question 39665 (2026)
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Asked by

Tangi Utikere

Member for Palmerston North · Labour Party

Question

  • On what basis is the claimed saving of approximately $2.3 billion against Project iReX calculated, including the assumed iReX total cost, the price basis or reference year used, and whether the figure is expressed in nominal or real terms?

Answered by

Rt Hon Winston Peters

List MP · NZ First · Minister for Rail

Answer

$4 billion minus $1.7 billion equals $2.3 billion.