The Glen Sannox and Glen Rosa were originally due to be in service in 2018 at a total price of £97m. The cost for completing the Glen Sannox has risen to £130m and for the Glen Rosa it has increased to £110m.
The second of two much-delayed and over-budget ferries will not be completed until May 2025 and the cost of both vessels has soared further, it has emerged.
However the yard's chief executive, David Tydeman, has now said the cost for completing the Glen Sannox has risen to £130m and for the Glen Rosa it has increased to £110m . With £83.25m spent on the ferries and £45m loaned to the company prior to nationalisation by the Scottish government, the latest increase means the ships will cost more than £360m.
He said:"As a result I significantly underestimated the total forecast cost to complete Glen Sannox, for which I apologise.He said the yard is moving away from the technically difficult design and engineering stage towards completing the Glen Sannox and getting it ready for sea trials in the first quarter of 2024.
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