Islanders furious as New Zealand government’s ‘dilly-dallying’ gets it into $800 million (£600 million) cancellation debt without even a contract signed for new ferries to replace the unsafe ones still being used
Professor John Robertson OBA From NBR in March 2025, the above. What happened? From the New Zealand Herald: Within months of unceremoniously scrapping the previous Government’s iRex project, Finance Minister Nicola Willis was advised by the crack team, set up by herself, to go back to try to salvage something with the scorned shipbuilder. This new figure of $800 million is a shock after earlier reports: New documents reveal the coalition has set aside $300 million to cover broken infrastructure contracts and a break-fee with Hyundai, after the government ended a contract with the Korean company to build two new Interislander ferries. … Continue reading Islanders furious as New Zealand government’s ‘dilly-dallying’ gets it into $800 million (£600 million) cancellation debt without even a contract signed for new ferries to replace the unsafe ones still being used
