New Zealand cancels funding for Interislander ferry project with Korean firm HMD.

The New Zealand government canceled funding for the Interislander ferry project, which involved new rail-enabled ferries from Korean company HMD. The decision, made on December 11 and announced publicly on December 13, followed a rejection of KiwiRail's funding request due to cost increases. New Zealand's Ambassador to Korea informed officials via text shortly before the public announcement, despite prior guidance to communicate cautiously. Further details were withheld to protect diplomatic relations.

September 03, 2024
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