KiwiRail has begun discussion to cancel its contract for an overseas firm to build it two new ferries.<\/p>\n
Late last, year the Government declined a request for addition funding for the project to buy two new ferries and upgrade two ports because of cost overruns.<\/p>\n
KiwiRail says it cannot proceed without the government funding.<\/p>\n
It says in a statement it has now started discussions with Hyundai Mipo Dockyard (HMD) to enter a termination agreement for the contract for the build of two new Interislander ferries.<\/p>\n
The government will appoint a Ministerial Advisory Group to give advice on the future options for a Cook Strait connection.<\/p>\n
Replacement options for the Interislander ferries are expected to be part of these broader reviews.<\/p>\n
KiwiRail says it will work with customers and international shipbrokers on options to source suitable replacement ferries.<\/p>\n
It thanked HMD, its staff, contractors, our port, Mana Whenua and union partners, and all those who have worked tirelessly on this project up to this date.<\/p>\n
Source: RNZ<\/p>\n","protected":false},"excerpt":{"rendered":"
KiwiRail has begun discussion to cancel its contract for an overseas firm to build it two new ferries. Late last, year the Government declined a request for addition funding for the project to buy two new ferries and upgrade two ports because of cost overruns. KiwiRail says it cannot proceed without the government funding. It […]<\/p>\n","protected":false},"author":6,"featured_media":9271,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[],"class_list":["post-9270","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nz-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/9270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9270"}],"version-history":[{"count":1,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/9270\/revisions"}],"predecessor-version":[{"id":9272,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/9270\/revisions\/9272"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/media\/9271"}],"wp:attachment":[{"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}