BUDGET 2017: Rail gets better part of $1 billion

Thu, 25 May 2017

By Paul McBeth May 25 (BusinessDesk) - New Zealand’s rail infrastructure will get the better part of $1 billion from the government with money set aside to upgrade KiwiRail’s rolling stock and infrastructure, and Wellington and Auckland’s rail networks. Some $450 million was set aside for KiwiRail over the next two years to help restore the southern trunk line destroyed by last year’s Kaikoura earthquake and improve its rolling stock, ahead of a planned review of the state-owned rail operator’s capital needs in the current year. “The g...

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