35751 (2026). Tangi Utikere to the Minister of Transport

Written Question

Published date: 24 Aug 2026

Metadata

Document type:	Written Question
Parliament number:	54
Question number:	35751 (2026)
Question asked:	10 Aug 2026
Member asking:	Tangi Utikere
Portfolio:	Minister of Transport
Minister replying:	Hon Chris Bishop
Answer received:	19 Aug 2026
Status:	Question Answered
Reply type:	Reply
Document ID:	WQ_35751_2026
Document guid:	1ac393b6-07c9-4851-a9a6-f10d63f55b1c

35751 (2026). Tangi Utikere to the Minister of Transport: What is the total book value of land held by the New Zealand Transport Agency that was acquired under the Public Works Act 1981 and on which construction has not commenced, and what were the total holding costs of that land, including rates, insurance, maintenance and property management net of rental income, in the last financial year?

Hon Chris Bishop: I am advised that the total book value of property holdings as at 30 June 2026 was $2.3B. Of which, $1B is held for projects not yet in construction. The total holding costs for the entire portfolio over 2025/26 was $17.8M, offset by $27.4M revenue earned.