Question 34439 (2026)
- Question published
- Reply lodged
Asked by
Tangi Utikere
Member for Palmerston North · Labour Party
Question
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What is the maximum amount payable by the Crown on early termination of the Warkworth to Te Hana Project Agreement in the event of contractor default, voluntary Crown termination, and force majeure respectively?
Answered by
Hon Chris Bishop
Member for Hutt South · National Party · Minister of Transport
Answer
The amount payable will depend on the time and circumstances of termination. The termination payment can be based on the value of the project/its equity (each subject to a valuation methodology set out in the project agreement), an amount…