this post was submitted on 04 Mar 2025
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Some suggesting is that its only a $300m break fee if we agree to buy the 2 smaller ferries from Hyundai, otherwise we have to pay the full amount.
So we'll probably end up spending $800m+ on 2 smaller ferries that aren't future proofed and will still probably need some sort of landside infrastructure changes which were the overwhelming majority of the increase in cost due to upgraded seismic requirements.
Oh, and those new ferries might not make it until the end of the decade instead of next year.
The party of fiscal responsibility.....
This is why you should never let business people run a country.