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Speaker 1: Fairy announcement bit light on detail about the land side

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Speaker 1: construction costs. That's the part that blew out acourse some

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Speaker 1: of the original Irex project, not the cost of the

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Speaker 1: vessels themselves. Winston Peters reckons overall we'll save two point

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Speaker 1: three billion bucks or thereabouts. Chris McKenzie is chair of

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Speaker 1: Ferry Holdings Limited with me this morning, Chris, good morning,

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Speaker 1: Good morning. So do we have any where have those

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Speaker 1: estimates come from for the infrastruy, you know, the land

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Speaker 1: side infrastructure.

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Speaker 2: We have done a considerable amount of work with both

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Speaker 2: Picton and Wellington. We have identified as as probably you've

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Speaker 2: seen the chart NOE out of the drawing to the

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Speaker 2: two ports. We have determined the cost of the wharf

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Speaker 2: that's being demolished and then replaced in Picton, so we

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Speaker 2: have a rough costing of that. We have a rough

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Speaker 2: costing now of the other what's called the nesting structure

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Speaker 2: where the fairies reverse into and were going out shortly

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Speaker 2: Again with the rough costing on the link spans both

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Speaker 2: in Wellington and Picton, and just as an aside, that's

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Speaker 2: one of the ways in which we are making some savings.

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Speaker 2: We're now going to have linked spans in Wellington and Picton,

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Speaker 2: which are essentially the same, whereas previously under IREX. There's

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Speaker 2: a link span being built for Picton and there's a

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Speaker 2: link span being built for Wellington. So we are saving

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Speaker 2: some money by getting identical link spans in both Victim

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Speaker 2: and Wellington.

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Speaker 1: It's all a but boo tricky. But the cost of them.

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Speaker 1: I mean you're saying rough costs, and people at home

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Speaker 1: will be going, oh, well, I've heard this before, because

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Speaker 1: remember how much this project was meant to cost to

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Speaker 1: begin with, and then what it was going to end

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Speaker 1: up costing, and most of that was landside. Of eighty

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Speaker 1: percent of it was chewed up by landside. So how

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Speaker 1: you know how confident are we look?

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Speaker 2: I think I am more confident than we were with IREX.

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Speaker 2: And the reason I can say that is we have

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Speaker 2: identified exit exactly what is the work we are doing

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Speaker 2: in both Wellington and Pickton. The ports have agreed with

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Speaker 2: that work. And therefore one of IREX's issues was we're

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Speaker 2: going to put a temporary wolf here. Oh, we'll need

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Speaker 2: to do this in roading and we'll have to shift

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Speaker 2: the rail yard here and there and so forth in

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Speaker 2: this project because we're using a maximum reuse. We don't

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Speaker 2: have to shift railway yards, we don't have to shift roading.

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Speaker 2: All we are doing is building the structure for the

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Speaker 2: wharves that the vessels will come in the existing rail

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Speaker 2: yards and Pickton and Wellington will need to be just

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Speaker 2: tweaked where they connect with the new vessels, and apart

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Speaker 2: from that, we're not diverging from that at all. So

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Speaker 2: we have a set engineering project in both Wellington and

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Speaker 2: Picton and as a board we are not going to

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Speaker 2: deviate from that. Yes, there'll be people who say, oh,

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Speaker 2: if we put this over here, we could do such

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Speaker 2: and such. We are not going down that track. We

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Speaker 2: are going exactly as the plans that were in that

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Speaker 2: release yesterday and nothing else.

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Speaker 1: Chris appreciate it and hopefully we will see this thing

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Speaker 1: getting off the ground soon. The Faery's not coming till

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Speaker 1: twenty twenty nine. Chris McKenzie, Chair of Ferry Holdings Limited.

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