Re-opening Stratford-Okahukura line priority for KiwiRail CEO

Re-opening Stratford-Okahukura line priority for KiwiRail CEO
Gavin Evans
By Gavin Evans July 4 (BusinessDesk) - A $40 million project to reopen the mothballed Stratford to Okahukura rail line is a priority for new KiwiRail chief executive Greg Miller. The line, shut since a derailment in 2009, is the only alternative north-south rail link should the main trunk line through National Park ever be shut by a natural disaster. It is also a commercial opportunity for Fonterra, forestry companies and other firms looking for a faster flow of Taranaki exports north to Auckland or Tauranga.           Miller says the...

More Economy

NZers fear RBNZ's digital currency plan's privacy risks
Economy

NZers fear RBNZ's digital currency plan's privacy risks

The biggest concern about digital cash is the potential for Government control.

Rebecca Howard 10 Dec 2024
RBA set to keep rates steady while growth concerns linger
Finance

RBA set to keep rates steady while growth concerns linger

The central bank’s policy meeting is slated for Tuesday

Liquidated Sustainable Foods owed Kānoa $1.4m
Economy

Liquidated Sustainable Foods owed Kānoa $1.4m

Sustainable Foods joins the list of failed Kānoa-backed ventures.

Gregor Thompson 09 Dec 2024
Value of commercial property sales lowest in a decade
Economy

Value of commercial property sales lowest in a decade

The value of New Zealand commercial property has fallen 10% since the 2021 peak, after the sharp interest rate rises and weak economic activity of the past few years, Westpac says.The number of commercial property transactions has also fallen, with the value of sales dropping bel...

Maria Slade 09 Dec 2024