A little bit husky, a little bit hoarse, not as bad as Heather, but a little bit husky from belting out the classics at Eden Park last night with Metallica. Oh my god. Oh my god. What a show. What an event for the city. If you were there, you know, and you'll still be buzzing, and you will still think that is one of the best concerts you've ever been to.

I used to quite like Metallica. I mean, you can't grow up in the 80s and not know who they are and not appreciate them as a consummate as consummate performance, but I wasn't a die-hard fan. I went down after work yesterday to get some merch because I was taking my eight-year-old grandson to the show last night because he loves them. I thought I like them, I'll go, I'll get him a T-shirt. A three-hour queue to get the merch! And the town was heaving with people in Metallica T-shirts, and I thought, wow who on earth would queue for three hours? Who would travel from the far ends of the country and from across the Tasman to go to Metallica? After that show last night, I'll tell you who will be queuing for three hours, me, I will be.

I've gone from they're good to oh my god. And I've got all of these years of music to catch up on. How fabulous. And just for the vibrancy it brought to the city. And I have to say Eden Park, and a number of us at ZB were invited along by Eden Park, so bear that in mind when I say what I say, but Eden Park is a fantastic venue. Everybody it seemed had great seats. The show itself, the stage was amazing. There were no problems for us getting out. We walked for 15 minutes, got picked up by his dad and out we went. The crowd was lovely. Honestly, I could rave all morning, but I'm not going to. I shan't. It was amazing and perhaps we can compare notes a little later.

We do have news to talk about. And finally, finally, finally after years of wrangling, and after years of cost blowouts, and after years of political infighting, ladies and gentlemen, we have two new ferries. Well, not exactly – we have a contract for two new ferries.

And yes, wait, yes, we did have a contract for two new ferries with the South Korean shipyard. That contract got torn up. Now we have a new contract for two new ferries with a Chinese shipbuilder. Port infrastructure will have to be rebuilt to accommodate the larger ferries while much of the Wellington side infrastructure can be rebuilt and upgraded. Picton they'll need new stuff, Wellington they can make do.

And that's where the real savings are to be had for the taxpayer. The new ferries will be hybrids, able to switch between using diesel and electric power, and will have more capacity for trucks and rail wagons that exist at present. Winston Peters, who's been all over this from day one, said the new no-nonsense infrastructure programme was helping save the taxpayer money when the two ships enter service in 2029.

The iRex project, that was the one ditched by the Coalition Government when it came to office, which included substantial costs for landside infrastructure, had ballooned to approximately $3 billion at the time of its cancellation. In 2023, Treasury officials said, yes, we know it looks like $3 billion, we think it could be more like $4 billion when we look at the cost overruns, when we benchmark it against average cost overruns and other similar projects. When even Grant Robertson, the former Finance Minister, says, oh no, we're spending way too much money, this is very concerning. When he says that, you know that it's getting out of control.

There was no guarantee it was going to be around $4 billion. And the problem seems to have been, rather than delivering the much oft-quoted phrase of Nicola Willis', a Toyota Corolla, under the spell of the former government, there were consultants and officials going, oh my god, we can build a state-of-the-art shipping infrastructure within New Zealand, and it's going to have all the bells and whistles and the very latest technology, and yes, we do have to build completely new infrastructure to service it, but my god, can we look what we can do. And they were given full rein to go off and design something and create something really beautiful that just kept getting more and more expensive.

The new ferries are expected to replace the current fleet by the end of 2029, and possibly there will be cost overruns, and possibly it won't be 2029. I spoke to the chair of Ferry Holdings, Chris Mackenzie before we came on air, wait till you hear the attitude he takes, the pragmatic, no-nonsense, no-frills, let's just get the job done approach. That's what was needed and that's what we've got.

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