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Speaker 1: We've got progress on the cook straight ferries. The government

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Speaker 1: has chosen a shipyard to build them, but it's keeping

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Speaker 1: which one a secret. Chris mackenzie is the chair of

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Speaker 1: Ferry Holdings Limited, which is in charge of buying the fairies.

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Speaker 2: And is with us.

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Speaker 3: Hey, Chris, good afternoon.

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Speaker 1: Hey congratulations. Are more negotiations to.

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Speaker 3: Do though, Yes, this is a letter of intent which

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Speaker 3: means that we've identified the shipyard out of the six

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Speaker 3: that we're in that final group. We now enter into

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Speaker 3: a period of technical negotiations. So we've agreed to fixed

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Speaker 3: price for the boat. We now negotiate what's inside that boat,

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Speaker 3: you know, arrangements even down to what sort of sinks

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Speaker 3: we have in the kitchens and what have you, and

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Speaker 3: then a final contract will be signed for the building

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Speaker 3: before the end of the year.

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Speaker 1: Is it going to be rail enabled?

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Speaker 3: It is. It is rail enabled, which means that a

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Speaker 3: shunting engine pushes wagons onto the ferry just as the ratary.

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Speaker 3: But if there's no rail wagons, particularly at holiday period,

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Speaker 3: then it's compatible and it can be used as a

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Speaker 3: ropax ferry, so it's flexible.

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Speaker 1: Have you got a deal? Do you reckon? It's a bargain.

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Speaker 3: We have worked hard, We've put a lot of pressure

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Speaker 3: on a lot of people, both in ferry holdings and

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Speaker 3: the contractors and consultants we've had. We have got what

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Speaker 3: we consider to be the best deal that we could.

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Speaker 3: It is within the budget that the government has given us.

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Speaker 3: The Minister will say more on that. So I think

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Speaker 3: we have got the best bargain that we could at

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Speaker 3: this point in time.

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Speaker 1: How long before we actually know all the details.

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Speaker 3: The details will be known. I would suspect that the

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Speaker 3: Minister will like to make an announcement, probably towards end

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Speaker 3: of November, in December.

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Speaker 2: Okay.

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Speaker 3: We've got a process of six weeks now where our

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Speaker 3: people will be at whatever boatyard shipyard that we have chosen.

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Speaker 3: They will come back. The Board will then consider what

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Speaker 3: they bring back to us. We will then write a

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Speaker 3: report for ministers and the ministers will agree, at which

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Speaker 3: point there will then be a contact signed at the

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Speaker 3: shipyard and the Minister in the meantime we'll make whatever

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Speaker 3: announcements that he thinks is appropriate at the time.

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Speaker 1: Brilliant Chris, Thank you very much.

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Speaker 3: That's actually not driven by us.

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Speaker 1: Yeah, okay, now look I know how that works. Thank

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Speaker 1: you very much, Chris, good luck with everything and well

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Speaker 1: done so far. Chris McKenzie, Chair of Ferry Holdings Limited.

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Speaker 2: For more from Heather Duplassy Allen Drive. Listen live to

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