Articles tagged with Picton
Marlborough Council Starts Consultation on $110M Port Marlborough Ferry Upgrade
1 month ago | 302 viewsThe Marlborough District Council has begun consulting on funding Port Marlborough’s $110 million contribution to revenue-generating port assets in Picton, supporting new resilient ferries for road, rail, and passengers. This initiative, part of a $531 million budget for Picton works, aims to replace ferries while saving taxpayers $2.3 billion and securing long-term infrastructure for the Interislander and Bluebridge services. The proposal is designed to cost no additional ratepayer funds, with dividends from Port Marlborough benefiting the community and taxpayers funding the balance through Ferry Holdings.
Tags: Marlborough District Council Port Marlborough Picton Rail Minister Winston Peters Interislander Bluebridge Local Government Act Ferry Holdings taxpayerKiwiRail & Hyundai Mipo Dockyard Settle Project iReX Dispute for $144M
9 months ago | 1018 viewsKiwiRail and Hyundai Mipo Dockyard have settled on a $144 million payment to cover costs incurred from the cancelled Project iReX ferries, with KiwiRail emphasizing the decision was not a reflection on Hyundai. The settlement frees up more funding for other Government projects, debunking claims that canceling the contract would cost taxpayers the full $551 million contract value. The settlement marks the end of mismanagement by the previous government, which failed to consider necessary port infrastructure, resulting in a near quadrupling of project costs before its cancellation in December 2023.
Tags: KiwiRail Hyundai Mipo Dockyard Mr Peters RNZ The Post Tangi Utikere Nicola Willis Ferry Holdings Picton Wellington