New Zealand rail and ferry operator KiwiRail says it has to examine its options for a pair of ropaxes on order at South Korean shipbuilder Hyundai Mipo Dockyard after a request for additional government funding was denied this week.
Nicola Willis, the country’s finance minister, refused to provide NZD 1.47bn ($917m) for the Inter-Island Resilient Connection (iReX) project that involves construction of two 53,500-gt ropaxes along with new terminals and infrastructure in the ports of Wellington and Picton.
