Discussions under way after Interislander review

Discussions under way after Interislander review
KiwiRail is preparing for the arrival of two new Interislander ferries. (Image: Supplied)
Oliver Lewis
KiwiRail has completed an in-depth review of its $1.45 billion Interislander replacement project, which has come under increasing cost pressure, and is talking to the government about what comes next.An economic and fiscal update released as part of Budget 2023 earlier this year identified the project, dubbed iReX, as a new fiscal risk.“While costs have not yet been finalised, estimates for the landside costs have increased significantly since initial funding,” it said.As well as two new ferries due for arrival in 2025 and 2026, the...

More Infrastructure

Counting cones cost: transport minister warns of 'infestation'
Infrastructure

Counting cones cost: transport minister warns of 'infestation'

Simeon Brown says NZTA will start counting traffic management costs from September.

BP exits Channel Infrastructure in $46m deal
Infrastructure

BP exits Channel Infrastructure in $46m deal

BP follows Mobil and exits former Marsden Point oil refinery business.

Oliver Lewis 19 Jun 2024
Email from CCHL boss reveals dividend frontloading trade-offs
Infrastructure

Email from CCHL boss reveals dividend frontloading trade-offs

Paul Silk sent his email shortly before the director exodus.

Oliver Lewis 18 Jun 2024