Red Jet 7, which is under construction at Wight Shipyard in East Cowes, is due to enter the water for the first time at the end of May.
Cross-Solent operator Red Funnel says its new £7 million hi-speed passenger ferry is well on track. Work already carried out includes the bridge, with most of the electronic equipment, control systems and touch screens now ready for testing.
Sea trials and crew training are scheduled to commence towards the end of June.
The vessel will be named the following month.