Ferry project financing under consideration
Councillors have an extraordinary meeting on 16 April about financing for the Waitohi Ferry Redevelopment Project. Photo: Supplied
Marlborough District Council called an extraordinary meeting for Thursday (16 April) to advance a financing proposal for the Waitohi Ferry Redevelopment Project.
At the 9am session in Council Chambers, councillors will consider approving a Statement of Proposal and public consultation on $110 million in funding and financing as Port Marlborough’s share.
The deliberation comes on the heels of an Interim Development Agreement (IDA) which Council signed with Ferry Holdings Limited.
That pact, Council explained this week, "enables transition works to proceed while establishing the commercial, governance and management framework needed to advance the project to the final stage of delivery (subject to Shareholder approval) in June."
Check Extraordinary Council Meeting 16 April 2026 - Marlborough District Council for more on the financing proposal and Media Release: Agreement unlocks the next phase of the Waitohi Ferry Redevelopment Project - Port Marlborough about the IDA.