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

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

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Winston Peters: Rail minister disputes the final cost of scrapping the mega-ferries project

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f0e99368-a76d-4ede-b1a4-b33a0063f838/transcript