35871 (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:	35871 (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_35871_2026
Document guid:	a50ce57e-5b8c-4b2b-a918-68ca6dd75590

35871 (2026). Tangi Utikere to the Minister of Transport: What are the refinancing provisions of the Warkworth to Te Hana Project Agreement, if any, including whether NZTA's consent is required before the Northway consortium may refinance, how a refinancing gain is defined and calculated, what share of any refinancing gain accrues to NZTA or the Crown, whether any threshold, carve-out or exempt refinancing category applies, and whether any refinancing gain-share is assumed in the $3.649 billion net present value figure?

Hon Chris Bishop: NZTA has certain consent rights to refinancings and will share in refinancing gains in specific circumstances. Some carve-outs do apply. Refinancing gain share is not assumed in the $3.649b NPV figure.