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flag New Zealand plans a $3 billion cheaper ferry project for Cook Strait, set to launch in 2029.

flag The New Zealand government plans to establish a new company to purchase two new ferries for Cook Strait, set to begin operation in 2029. flag This follows the cancellation of the previous costly iRex project due to high terminal upgrade costs. flag The new ferries aim to improve safety, reliability, and commercial viability for passenger and freight transport. flag The project cost remains undisclosed, but officials promise it will be significantly less than the $3 billion estimated for the previous plan.

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