Northland rail spend paves way for Northport expansion - Jones

Northland rail spend paves way for Northport expansion - Jones
Dan Brunskill
New investment in the Northland rail network lays the groundwork for shifting Ports of Auckland's operations to Northport, according to Regional Economic Development Minister Shane Jones.Jones announced the $109.7 million Provincial Growth Fund investment for KiwiRail at an event in Whangarei today alongside State-Owned Enterprises Minister Winston Peters. Of that, $69.7 million has been earmarked to lower tracks in the 13 tunnels between Swanson and Whangarei; reopen the rail line north of Whangarei, between Kauri and Otiria; and build a...

More Economy

Co-operative Bank remediates thousands of customers
Economy

Co-operative Bank remediates thousands of customers

Co-operative Bank has remediated a total of $7.2 million across almost 50,000 customers for charging higher fees than it should have and may yet have to pay a court-imposed fine.The Commerce Commission said the charging of higher fees breaches the Credit Contracts and Consumer Fi...

Kiwi Property Group's interim profit lower as write-downs bite
Economy

Kiwi Property Group's interim profit lower as write-downs bite

The property company reiterates its full-year dividend views.

Andy Macdonald 24 Nov 2025
Penk announces compulsory building warranties
Economy

Penk announces compulsory building warranties

Under the proposed change, those responsible pay their share only.

Staff reporters 24 Nov 2025
Westpac tips ‘Turneresque’ 25bp cut but says RBNZ could still channel McCullum
Economy

Westpac tips ‘Turneresque’ 25bp cut but says RBNZ could still channel McCullum

Westpac Bank is sticking to its view the central bank will cut rates by 25 basis points next week to 2.25% but says there’s a 25% chance it will opt to be more aggressive and cut by 50bps.The key question is whether the Reserve Bank's monetary policy committee thinks it will...

Rebecca Howard 19 Nov 2025