Ferry company not deterred

Withdrawal of State Government funding for the Ettalong fast ferry terminal has not deterred the proponents, according to Mainstreet Coordinator Ms Debra Wales.

"The company wanted to build their own terminal anyway," she said.

"Otherwise they run the risk of other organisations saying who can come and go."

She said: "The only impact is that it was good to have State Government backing, but it was more psychological."

Chairman of fast ferry company Fast Ships, Mr Alf Salter, said that the company that invested in the Fast Ferry would be likely build the terminal.

He said at this stage there were no new developments to report, even though the due diligence period for a US investment company closed at the and of July.

"There's no announcements at this stage," he said.

Alison Branley, August 6