The first pictures of what could become the new Ilfracombe to Swansea passenger ferry have been revealed. If it is built, the £4.5million vessel will make the crossing in an hour and 15 minutes and would provide a huge boost for North Devon tourism. Brothers Mark and Paul Hutchings of Bristol Channel Charters Ltd, which runs the popular Sea Safaris in Ilfracombe, have been working on the project for two years and have now unveiled designs for the 35 metre craft. A study by North Devon Council has shown around 140,000 people could use the service in the first year alone and the economic benefits could push £2.4m a year. An earlier ferry bid by Severn Link fell apart in 2010 after difficulties getting landing facilities at Swansea. But Mark said they had studied what went wrong and commissioned designs for a purpose built ferry to solve the problems. They hope to get the 20 knot ferry operational in two years, but there are still many hurdles to overcome. Were keen to push the idea and although it needs huge investment to get it up and running, we are confident we can do that, but it is a slow process, he said. Now that designs are complete on the ferry the next phase is to identify space for a ticket office and waiting room. They are a large part of the project and without suitable shoreside space to develop, we cannot move forward. Talks are ongoing with the council but it is slow. Early talks are also underway with potential investors, but he said a decision was needed on creating shore facilities for a ferry before investors would commit to such a project. The ferry itself would take 12 months to build and has been designed by Australian-based company Incat Crowther. It would carry 300 passengers and has been designed specifically to deal with the Bristol Channels unpredictable seas and its high tidal range.