The Government has announced it won\u2019t provide new funding to KiwiRail to help with the growing cost of replacing the\u00a0Interislander ferry fleet.<\/p>\n
In 2023,\u00a0there were a number of issues\u00a0with the ferries including the Interislander ferry Kaitaki losing power, Interislander ferry Aratere breaking down and Kaitaki hitting a Wellington wharf which left a large hole in the ship\u2019s hull.<\/p>\n
Two new ferries\u00a0were expected to come into operation in 2026 alongside upgrades to terminal infrastructure.<\/p>\n
But Finance Minister Nicola Willis announced on Wednesday the Government had declined to provide $1.47b to continue the plan.<\/p>\n
\u201cI have been advised by the KiwiRail Board that, in light of the Government\u2019s decision, it will now oversee the wind down of the project and review its plans for the Cook Strait connection.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Government has announced it won\u2019t provide new funding to KiwiRail to help with the growing cost of replacing the\u00a0Interislander ferry fleet. In 2023,\u00a0there w<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-601","post","type-post","status-publish","format-standard","hentry"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t