More details could be coming this week about the procuring company for the Inter Islander ferries

In December last year, the Government announced it would set up a company to procure the ferries, freeing up Kiwirail.

It's committed to a March deadline.

Finance Minister Nicola Willis says she believes Minister-in-Charge Winston Peters has a handle on the process - and will be incorporating once the directors are appointed.

She says her alternative procurement plan is ready to go as a fallback

Willis says Peters is doing the right thing by comparing her option with others out there.