New Cook Strait ferry project to be under $2 billion - Peters
Update: 2025-11-19
Description
Rail Minister Winston Peters said the budget for the new Cook Strait ferry project is less than half the cost of the previous Government's ill-fated mega ferry plan, even though the new ferries cost a bit more.The total project cost will be under 2 billion dollars. In making the big announcement in Wellington, he lost no opportunity to stick the boot into the iReX plan, which was scuppered by Finance Minister Nicola Willis in 2023.
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