As Hyundai is back on the table for a potential Cook Strait ferry deal, Winston Peters is reiterating his view that the previous deal wasn't a good one. 

The Government set aside $300 million to resolve all exit costs for the deal.

Peters says the idea that breaking the previous deal with Hyundai alone will cost $300 million is 'just wrong'. 

"We cannot afford this blowout in costs for both the ferries and the infrastructure that went with the ferries that were ordered. It costs us way less than $300 million."

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As Hyundai is back on the table for a potential Cook Strait ferry deal, Winston Peters is reiterating his view that the previous deal wasn't a good one.&nbsp;
The Government set aside $300 million to resolve all exit costs for the deal.
Peters says the idea that breaking the previous deal with Hyundai alone will cost $300 million is 'just wrong'.&nbsp;
"We cannot afford this blowout in costs for both the ferries and the infrastructure that went with the ferries that were ordered. It costs us way less than $300 million."
LISTEN ABOVE

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Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Winston Peters: Rail Minister reiterates previous Cook Strait ferry deal wasn't a good one

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/a3255edf-9ec3-47cd-9d0f-b2960063a16f/transcript