34446 (2026). Tangi Utikere to the Minister of Transport

Written Question

Published date: 18 Aug 2026

Metadata

Document type:	Written Question
Parliament number:	54
Question number:	34446 (2026)
Question asked:	02 Aug 2026
Member asking:	Tangi Utikere
Portfolio:	Minister of Transport
Minister replying:	Hon Chris Bishop
Answer received:	12 Aug 2026
Status:	Question Answered
Reply type:	Reply
Document ID:	WQ_34446_2026
Document guid:	a431524b-e36f-4a37-bd0d-23ac9ca4ade8

34446 (2026). Tangi Utikere to the Minister of Transport: What is the interest rate, term and repayment schedule of the $1.6 billion 10-year Crown loan to NZTA financing the Crown Capital Contribution for Warkworth to Te Hana, and what is the total interest payable over that term?

Hon Chris Bishop: The interest rate and repayment schedule of the $1.6 billion Crown loan is commercially sensitive. Cabinet agreed that the loan terms would be on a commercial basis. The annual debt servicing costs (principal and interest payments) to NZTA of the $1.6 billion Crown loan is forecast to represent around 2.5 percent of NLFT charge over the first decade of the operational period. The term of the loan is 10 years, applied to each drawdown.