35881 (2026). Tangi Utikere to the Minister of Transport

35881 (2026). Tangi Utikere to the Minister of Transport: In relation to the Warkworth to Te Hana public-private partnership for Section 1 of the Northland Corridor, which reached financial close with the Northway consortium on 30 July 2026, what dollar value was assigned to each material risk treated as transferred to the Northway consortium in the Public Sector Comparator and in the PPP evaluation that produced the reported net present value comparison of $3.649 billion against $3.9 billion, if any, broken down by risk category, and what is the total value of transferred risk?

Hon Chris Bishop: The requested information has been withheld as it forms part of the commercially sensitive risk allocation and value-for-money modelling underpinning the Project. Disclosure of the valuation of individual transferred risks, and the total value attributed to risk transfer, could reveal detailed information about NZTA's assessment of project risks, risk pricing and risk allocation methodologies, which could prejudice NZTA's commercial position and affect future procurement processes, negotiations and value-for-money outcomes for the Crown.