KiwiRail says the Government needs to better consider the future after pouring cold water on Cook Strait ferry upgrades. 

Contracts were already underway for new ferries and port infrastructure, but Finance Minister Nicola Willis says it's now too expensive, after blowing out to over $3 billion. 

Chief Executive, Peter Reidy, told Mike Hosking that the upgrades would've benefited the economy in the long run. 

He says it's about being a future focused economy, supporting our import and export sector. 

Infrastructure New Zealand Chief Executive Nick Leggett joined Kerre Woodham to discuss the situation. 

LISTEN ABOVE