Discussions under way after Interislander review

KiwiRail is preparing for the arrival of two new Interislander ferries. (Image: Supplied)

Tue, 22 Aug 2023

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...

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