iReX project update

The KiwiRail Board was advised on 12 December 2023 by the Government that it has decided not to provide further funding for the iReX project, which included two new Interislander ferries and redevelopment of Picton and Wellington terminals. Unfortunately, the project cannot proceed without further Government funding. The KiwiRail Board will now oversee the wind down of the project and review plans for the Cook Strait connection. Read the KiwiRail media statement.