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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.

Lyttelton Port buys land in Woolston

Lyttelton Port buys land in Woolston
Wellington, July 1 NZPA - Lyttelton Port of Christchurch (LPC) has purchased 7.3 hectare of industrial land adjacent to its CityDepot site in Woolston. The port did not disclose the purchase price but said it was a multi-million dollar transaction.

$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.

$750m over three years to bulk up KiwiRail freight

$750m over three years to bulk up KiwiRail freight
Wellington, May 18 NZPA - The Government will invest an initial $250 million as part of a $4.6 billion long term plan to turn around KiwiRail, Prime Minister John Key announced today. Mr Key said $750m would be committed "in principle" over the next three years.

KiwiRail tender would be "a step too far" - Joyce

KiwiRail tender would be "a step too far" - Joyce
Feds pse Q for 0400 Wellington, May 4 NZPA - Transport Minister Steven Joyce says he is leaving it up to KiwiRail to decide whether to bid for building Auckland's new electric railcars but he thinks putting in a tender would be "a step too far".

Key says asset sales not on agenda

Key says asset sales not on agenda
Wellington, March 22 NZPA - Prime Minister John Key says there are no plans to sell KiwiRail. It seemed former National Prime Minister Jim Bolger's job at KiwiRail may be at the end of the line yesterday, after Transport Minister Steven Joyce said its governance needed refreshing.

Jim Bolger's Kiwirail job on the line

Jim Bolger's Kiwirail job on the line
Wellington, March 21 NZPA - Former National Prime Minister Jim Bolger's reign at KiwiRail looks set to end after Transport Minister Steven Joyce this morning said its governance needed refreshing.

Mainfreight Cautious At First-Half, Still Frustrated With Rail

Mainfreight Cautious At First-Half, Still Frustrated With Rail
Wellington, Nov 19 NZPA - Mainfreight continues to be disappointed at the Government's attitude and commitment to rail freight services in this country.

NZ Loco Order Helps Boost Export Orders For Chinese Manufacturer

NZ Loco Order Helps Boost Export Orders For Chinese Manufacturer
Wellington, July 22 NZPA - Orders for 20 new DK-class locomotives in New Zealand -- the first new locomotives to serve on the local rail network in more than two decades -- have contributed to a bumper year for China's CNR Corporation Ltd (CNR).

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