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flag KiwiRail initiates talks to cancel HMD contract for Cook Strait ferries due to lack of government funding for iReX project.

flag KiwiRail has begun discussions to cancel a contract with a South Korean shipyard, Hyundai Mipo Dockyard (HMD), to build two new mega ferries for Cook Strait. flag The decision comes after the New Zealand Government declined to provide further funding for the Inter-Island Resilient Connection (iReX) project in late 2023. flag KiwiRail now plans to work with customers and international shipbrokers to source suitable replacement ferries.

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