No but they are expecting inferior vessels. Nobody has any clue about what the final figures will be for the finished project and anything else is pure guessing until ALL the final contracts have been let approved and signed. Of course blowouts will more than likely happen.
Yes of course inferior vessels but highly improbable it will be an inferior return on capital for NZ Inc.
It already is.
And when/how/how much does the existing infrastructure need to be upgraded - that's aging fast I believe.
What are you talking about?
It's not fit for purpose now. As I posted earlier the current ships have berthing issues with the current infrastructure which regularly causes damage and that may affect timetables and other uncertainties.. All this is variable due to winds tides and conditions. Obviously the ongoing problems and associated costs are impossible to assess.
But not fit for purpose doesnāt mean multi-billion dollar infrastructure upgrades.
Hey I wasnāt looking for laughs, I wanted to understand your point about inferior return on capital (and then dismiss it to the boundary
) Absolutely but what it does mean is ongoing disruptions for freight and passengers and unbudgeted costs. I would assume that the problem will only be exasperated for the new ferries unless alterations are effected before arrival. Again unbudgeted
Must be talking about Mooloolaba, Nelson
Yes disruptions but cargo and passengers are still getting to where they need to get, just less efficiently. As for infrastructure upgrades, Iād have thought something in the low hundreds of millions would cover it? Napier & eventually Taurangaās projects would be approximates wouldnāt they?
Nobody has any idea of the cost or if any upgrades will be done. Remember it being done as cheaply as possible. NZ as usual kicking the can further down the road. That's what we do to make the current books look good regardless
There were going to be disruptions regardless.
My point is that if alterations are not made to the current infrastructure the disruptions will be going on forever.There were going to be disruptions regardless.
About $596 million would be for a contract with the shipbuilder to build the new ferries, while $531 million would go towards infrastructure works in Picton, $325 million to be spent in Wellington, and $415 million in management and continengency costs
Govt reveals costs of its new Cook Strait ferries
Rail Minister Winston Peters described the new "no nonsense" infrastructure programme as helping save the taxpayer billions.www.1news.co.nz
The original component of the ferry deal was an excellent one, well negotiated for a substantial discount. The cancellation fees and the inferior ferries add up to a higher cost for lesser quality - then again we were promised corollas as I recall so we have those. Just not at a higher cost than the originals, and with the added security concerns being built in China.Hey I wasnāt looking for laughs, I wanted to understand your point about inferior return on capital (and then dismiss it to the boundary
But the new ones are able to navigate areas that the previous governments wouldn't have been able to and the cost of upgrading the infrastructure which is happening is far less than previous as well, which was over engineered by all accounts. It's actually what should have happened n the first place.
Yes by at the same time it would have been very stupid to have carried forward with a project forecast to make a low single digit return on capital - funded of course by all of us.
Change of subject sorry but I have just read the article about the proposal of the government to cancel the arrangement for MMA vessel Vision early in the NY. This will affect the overall safety of all the aging ferries. Given the number of close calls in the last couple of years that's very dangerous
What are they replacing it with for emergency towing etc?
