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As Hyundai is back on the table for a potential Cook Strait ferry deal, Winston Peters is reiterating his view that the previous deal wasn't a good one. 

The Government set aside $300 million to resolve all exit costs for the deal.

Peters says the idea that breaking the previous deal with Hyundai alone will cost $300 million is 'just wrong'. 

"We cannot afford this blowout in costs for both the ferries and the infrastructure that went with the ferries that were ordered. It costs us way less than $300 million."

LISTEN ABOVE

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• Christopher Luxon coy on Winston Peters’ Cook Strait ferry decision deadline
• Winston Peters reveals deadline for Cook Strait ferry decision