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KiwiRail secures world-first green loan certification for new ferries

KiwiRail secured (21-Sep-2021) a NZD350 million (AUD335 million) loan facility to finance the purchase of two new Interislander ferries. The two ferries, built by South Korea's Hyundai Mipo Dockyard, will replace three ferries due to be phased out. KiwiRail will take delivery of the new ferries in 2025 and 2026, respectively. According to the railway operator, it is the first shipping loan in the world to be certified by the Climate Bond Initiative (CBI). [more - original PR]

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