February 16, 2024
Hyundai Mipo Dockyard has officially announced in a statement [in Korean] on 13 February 2024, that the contract to build two RoPax train ferries was cancelled at KiwiRail’s request.
The shipbuilder says it will see a claim for design costs as part of its negotiations.
This cancellation follows the Government’s decision last year not to provide further funding for the Inter-Island Resilient Connection (iReX) project.
KiwiRail now also confirmed [in a press statement] it has now started discussions with Hyundai Mipo for the termination.
KiwiRail says it will be working with international shipbrokers on options to source suitable replacement ferries.
