Spirit of Tasmania's state-owned operator TT-Line and the Tasmanian government have been trying to get two new ships built since 2017, but the project has faced obstacle after obstacle.
But the company doing the work — Rauma Marine Constructions , a partially Finland government-owned company — appeared to be on the brink."We knew that they were having trouble paying their subcontractors, they made it quite clear that their costs had escalated to an extent that they couldn't continue."It had already endured one of its chosen shipbuilding companies — FSG, in Germany — going under in 2020.
The government approved an increase in TT-Line's borrowing facility from $700 million to $990 million with the Tasmanian Public Finance Corporation . A government spokesperson explained this by saying that, at the time of the question, there was "no latest estimate". Labor claims that the Finland government has a 20 per cent stake in RMC – a figure that wasn't denied – due to RMC's defence construction arm, which is financially separate from the commercial arm.RMC asked for 50 million euros — about $81 million — to continue the Spirit of Tasmania project, but TT-Line made a counteroffer of 30 million euros
Source: News Formal (newsformal.com)
Spirit Of Tasmania Tt Line Tt-Line Bass Strait Tasports
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