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NZ rail minister addresses $4 billion Cook Strait ferries cost overrun in Parliament.
Minister for Rail Winston Peters addressed Parliament on March 12, 2025, discussing the Cook Strait ferries project, which saw costs soar from an initial $400.1 million to potentially $4 billion.
Peters confirmed the government is working on reducing costs and has been in talks with international shipyards.
He highlighted the project's progress and the involvement of key stakeholders like KiwiRail and new company Ferry Holdings Limited.
In response to concerns about privatization, particularly of school and hospital buildings, Peters emphasized the need for international investment to boost the economy.
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El ministro de ferrocarriles de Nueva Zelanda aborda el sobrecosto de los transbordadores del Estrecho de Cook por 4.000 millones de dólares en el Parlamento.