By Professor John Robertson From the NZ Herald today: KiwiRail only terminated its mega ferry ship-building contract after receiving a letter from Finance Minister Nicola Willis and two months after the Government pulled the plug on the project. A scheme to replace the current ageing Interislander fleet with two larger ships was left dead in the water in December after costs for the overall project, including new terminals and wharf upgrades, ballooned to almost $3b and the new Government refused to fund the blowout. However, KiwiRail took until February 14 to announce it was terminating the $551m fixed-price contract with Hyundai Mipo Dockyard to build … Continue reading New Zealand’s super-ferries will never be late, just never built and yet still cost millions