Fast Ships signs agreement

Gosford Council has received an agreement signed by Fast Ships Ltd for the proposed Ettalong Fast Ferry service.

Council is yet to sign the agreement as it is still waiting for the bank guarantee, according to general manager Mr Peter Wilson.

Cr Craig Doyle asked when a report would come to council about Fast Ships' proposal for the Ettalong Fast Ferry, addressing contract exchange, contributions paid and bond lodgement.

"Should the above not have been met, then when will an options report be available?," Cr Doyle said.

Mr Wilson said a report would come to council on July 25 to advise councillors that it had received a signed agreement.

He said he expected to have received the bank guarantee by the end of last week.

Council agenda Q.51, July 6