Govt nearly $800m in the red over cancelled interisland ferries
Both CentrePort and Port Marlborough say they are working with the Government on an affordable solution for an alternative ferry project.
The next decisions on what replaces the abandoned iRex ferry project will be made at the end of the month.
As the Coalition Government tries to contain the costs of its replacement ferry proposal it is already potentially up to almost $800 million in the red over cancelling the previous iRex project.
The Government has allocated $300m to cover the costs of breaking the contract the previous government
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