Larry Williams Drive

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 ABOVESee omnystudio.com/listener for privacy information.