Two new rail ferries are set to enter service in New Zealand by 2029.
The project aims to replace the Interislander fleet while saving taxpayers money compared to a previously cancelled $3.1 billion programme and an estimated $4 billion warning from the previous government. Rail Minister Winston Peters says the new solution will be "markedly cheaper" due to a cost-effective approach that reuses existing port infrastructure.
The proposed ferries, with road and rail decks, will have lengths of approximately 200 metres – longer and wider than the current fleet but shorter than those ordered in 2021. The project also involves replacing marine infrastructure in Picton and modifying that in Wellington for maximum reuse.
Mr Peters praised his team and companies involved for their hard work, stating that they are grateful for the cooperation across the three companies. Following the selection of mode and specifications, a shipyard will be chosen based on price and quality to finalise the contract later this year. The project is set to progress with Ferry Holdings working alongside Port Marlborough, CentrePort, and KiwiRail to strengthen the delivery programme and agree co-funding terms.