Investor checks out fast ferry

Planning for the fast ferry at Ettalong continue to progress, with the due diligence period for a potential US investor closing at the end of July.

Fast Ships chairman Mr Alf Salter said that he does not want to get people's hopes up but there would be news at the end of July.

"Due diligence started on May 14 and it lasts 60 to 90 days," he said.

Due diligence checks involve the investor assessing the viability on the $50 million project.

"I know this is frustrating for everyone but there should be some news by the end of July."

Mr Salter said if the deal goes ahead people on the Peninsula could expect to see a fast ferry by the middle of next year.

Alison Branley, June 24