Rail Minister Winston Peters is disputing the reported final cost of dumping the mega-ferries project which sits at $671million dollars.
Peters argues the 449-million for infrastructure, project management, and wind-down costs isn't all lost, with elements still being used.
Settlement for cancelling the contract with a Hyundai shipyard for the two new inter-island ferries cost 144-million-dollars.
It brings the total paid to the boat builders, to 222 million.
He says that was actually lower than the 300-million originally provisioned.
LISTEN ABOVE

Perspective with Heather du Plessis-Allan: Here's why political parties shouldn't rush laws
02:20

Full Show Podcast: 11 September 2026
1:39:53

Sean Fitzpatrick: Former All Blacks captain on 4th test against Springboks
05:14