Hon MICHAEL WOOD: The Cook—Mr Goldsmith has been consulting a spreadsheet, and it's right for once. The Cook Strait ferries are crucial to our economy, carrying 5.5 million tonnes of freight and 850,000 passengers between the North and South Islands every year. The new ferries nearly double passenger capacity and triple rail freight capacity of the current fleet, helping support the expected growth on this important route. Being able to accommodate rail wagons on the new ferries will encourage more freight on to trains and off roads, which will also help to reduce emissions and congestion on our busy roads.