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Kiwirail chief executive earns $820,000 plus

Kiwirail chief executive earns $820,000 plus
Wellington, Sept 30 NZPA - The boss of state-owned KiwiRail, Jim Quinn, earns between $820,000 and $830,000, according to the annual report which also shows the number of people in the company earning more than $100,000 a year has nearly doubled.

Aratere ferry to get a nose job and new mid-section

Aratere ferry to get a nose job and new mid-section
Wellington, Sept 16 NZPA - State-owned KiwiRail is spending $42.3 million on a nose job and lengthening of the Aratere ferry to increase its capacity and improve its efficiency ahead of the rugby World Cup next year.

Status quo a no go for KiwiRail freight, closure rejected

Status quo a no go for KiwiRail freight, closure rejected
Wellington, July 9 NZPA - State-owned KiwiRail's freight business will become insolvent if its current situation continues, the Government has been advised.

Ferry investment questions by shipping industry advocate

Ferry investment questions by shipping industry advocate
by Pam Graham of NZPA Wellington, June 23 NZPA - KiwiRail's plans for its Cook Strait ferries will cost tax payers $220 million and be a commercial failure, a shipping industry figure says.

$750m kick-start for KiwiRail

$750m kick-start for KiwiRail
Wellington, May 18 NZPA - The Government has committed $250 million in Thursday's budget towards strengthening KiwiRail, with another $500m to be added in the following two years, but improvements to the backbone of the operation are likely to come at the cost of some minor rail routes.

KiwiRail spending commitment brings mixed reaction

KiwiRail spending commitment brings mixed reaction
Wellington, May 18 NZPA - A three-year, $750 million commitment by the Government to strengthen KiwiRail is not enough in comparison to the huge amount already committed to roading, says Labour's transport spokesman Darren Hughes.

Mothballing Under-Used Rail Lines A Bad Move - Unions

Mothballing Under-Used Rail Lines A Bad Move - Unions
Wellington, March 5 NZPA - A railway workers union is concerned that if the Government does mothball under-used rail lines it will be very hard to ever reopen them.

North Island Rail Lines Could Be Mothballed

North Island Rail Lines Could Be Mothballed
Wellington, March 5 NZPA - The Government is thinking about mothballing KiwiRail's northern Wairarapa and Napier to Gisborne rail lines as the struggling rail operator looks to cut costs.

Kiwirail Behind Targets But Still Positive

Kiwirail Behind Targets But Still Positive
Wellington, March 2 NZPA - KiwiRail is behind its revenue and profit targets for the half year to December but says it is "making good progress towards a sustainable future".

Kiwirail Valuation Tricky

Kiwirail Valuation Tricky
Wellington, Nov 24 NZPA - A valuation report on KiwiRail obtained by NZPA under the Official Information Act reveals that it is a hard business to put a value on.

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