It's an ekranoplan. The USSR made several.
The actual vehicle is from a company called Regent.[1] They do have a quarter-scale prototype, and a video. This web site is from some group trying to get funding for a service.
The current Regent ekranoplan, not yet shipping, is a 12 passenger model. That seems small for an inter-island ferry. It would be faster than a ferry, but since the existing inter-island ferry routes only run about an hour, more speed may not be worth the trouble.
The current Regent ekranoplan, not yet shipping, is a 12 passenger model. That seems small for an inter-island ferry. It would be faster than a ferry, but since the existing inter-island ferry routes only run about an hour, more speed may not be worth the trouble.
Probably just a tourist attraction.
[1] https://archive.is/CkcJI