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Winston Peters: Rail Minister on the previous ferry deal, cost of the broken deal

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There’s push back on the cost of the Government's broken ferry deal. 

Hyundai is back in the running to build the two new ships after the coalition canned its original contract in 2023. 

Documents indicate the Government's set aside $300 million to cover that broken agreement. 

It must be paid regardless of a new deal. 

Rail Minister Winston Peters told Mike Hosking the issue's being considered in negotiations, but disputes the cost. 

He says the real cost is far lower, and it's an appalling situation and shocking decision he's had to deal with. 

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