Cost estimates for a new passenger and freight ferry to replace the Governor and a decision on a plan to rebuild the Woods Hole terminal top the agenda of the Steamship Authority governors this morning.

The monthly board meeting begins at 9:30 a.m. in the Marine Biological Laboratory Candle House in Woods Hole.

Planning for the new ferry has been under way for a little more than a year. In February the board decided to go with the smaller of two designs under discussion, settling on a 235-foot ferry that can carry 384 passengers along with large trucks. Preliminary cost estimates for the boat were about $35 million.

The Elliot Bay Design group in Seattle, Wash., will design and build the new ferry, expected to go into service in 2016. She will replace the open-decked freight ferry Governor, which will eventually be scrapped or sold.

The aging Woods Hole terminal is slated for reconstruction in the next year as well, and this morning’s meeting is expected to take up final design decisions for that project. A group of Woods Hole residents have objected to a number of aspects of the plan.

The meeting agenda includes a number of items for Nantucket too, including a request from the Hy-Line to put a second high-speed ferry on the route between Hyannis and Nantucket.

The state-chartered SSA is permitted to license its competition to protect revenue share.