The Crown has signed a $67.5 million deed of settlement with Taranaki iwi, Ngaruahine.

It's apologised for confiscating and buying land during the 30 years following the signing of the Treaty.

The settlement package includes a right of deferred selection over 12 sites and the purchase of two South Taranaki District Council sites.

It also includes four culturally significant sites.

Five of the eight iwi in Taranaki have now signed deeds of settlement.