KiwiRail gets $94.8m for Northland upgrade

KiwiRail gets $94.8m for Northland upgrade
Gavin Evans
By Gavin Evans Sept. 6 (BusinessDesk) - The government will provide $94.8 million to upgrade the rail link from Auckland to Whangarei. The planned work will include replacing or upgrading almost a third of the 181-kilometre line between Swanson and Whangarei. It will include maintenance work on 13 tunnels, replacing five ageing bridges, strengthening embankments, improving drains and culverts and a series of safety improvements at the Whangarei rail yard. “This work will make our freight train services faster, more reliable and much le...

More Economy

Paul Bloxham: NZ's growth to stem worker outflow to Australia
Economy

Paul Bloxham: NZ's growth to stem worker outflow to Australia

HSBC's chief economist says NZ will benefit from Chinese economic pivot.

Capital requirements review doesn't mean they are too high
Economy

Capital requirements review doesn't mean they are too high

The Reserve Bank of NZ is not committed to any one particular outcome. 

Rebecca Howard 07 May 2025
Jobs figures firm up expectations for further RBNZ rate cuts
Economy

Jobs figures firm up expectations for further RBNZ rate cuts

Unemployment remained unchanged at 5.1% in the March quarter.

Rebecca Howard 07 May 2025
Unemployment remains unchanged at 5.1%
Economy

Unemployment remains unchanged at 5.1%

Unemployment remained unchanged at 5.1% in the March quarter, Stats New Zealand said on Wednesday.The seasonally adjusted number of unemployed people was 156,000, the same as the December 2024 quarter.Meanwhile, the seasonally adjusted underutilisation rate – a measure of spare c...

Staff reporters 07 May 2025