Government has yet to set up Interislander ferry procuring company

Minister for Rail Winston Peters is responsible for coming up with a viable replacement plan for the Interislander fleet. (Image: NZME)

Oliver Lewis

Mon, 03 Feb 2025

The Government has yet to establish the company it said it was setting up to procure Interislander ferries.On Dec 11 last year, Finance Minister Nicola Willis said the Government was establishing a Schedule 4A company under the Public Finance Act to do the procurement, freeing up KiwiRail to focus on safely operating the existing fleet.That still hasn’t happened.Willis made the announcement alongside the newly appointed Minister for Rail, Winston Peters, who now has the responsibility of finding a solution to replace the ferries. Pet...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Stay informed on business, government and financial developments across New Zealand.
Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Markets Market Close

NZ sharemarket up 0.1%, Fonterra hits $6 mark

While one milk company's fortune waxed another waned.

Graham Skellern 24 Mar 2025

Policy

RMA replacements to end 'culture of no'

The Government looks to Japan as it unveils two replacement planning laws.

Oliver Lewis 24 Mar 2025

Markets

James Hardie agrees to buy AZEK for US$8.7b

The combined company will be listed on the New York Stock Exchange.

The Wall Street Journal 24 Mar 2025

James Hardie agrees to buy AZEK for US$8.7b

Sponsored

Research shows AI-based attacks causing concern and senior leaders overestimating cybersecurity readiness

Research highlights from Datacom’s State of Cybersecurity Index show AI-based attacks are top of mind and senior leaders might be overestimating their organisations’ readiness to recover from cyber incidents.

Datacom

Sponsored