Government sets up ferry procurer, keeps costs confidential

The Government will set up a new company to procure two new medium-sized ferries to replace the existing Interislander fleet, but costs remain commercially sensitive and the ships will arrive three years later than the cancelled option.Finance Minister Nicola Willis and Deputy Prime Minister Winston Peters, the newly delegated Minister for Rail, made the long-awaited announcement on Wednesday, almost exactly a year after the Government declined to provide an extra $1.5 billion for the previous, KiwiRail-led ferry project.That project,...