After a $1.4b budget blowout, what happens now for Cook Strait's ferry crisis?

It’s a year on from the Interislander’s terrifying Kaitaki incident. The ferry lost power in Cook Strait with 864 people on board and issued a mayday call as it drifted towards Wellington’s rocky south coast. Luckily, disaster was narrowly avoided, and there was some comfort that KiwiRail had new…