Govt warns KiwiRail that hundreds of millions in annual support can’t last

Thu, 21 May 2015

By Pattrick Smellie May 21 (BusinessDesk) - State-owned rail operator KiwiRail takes the lion’ share of $249 million additional transport funding over the next four years, with an extra $209.8 million available for the year ahead and $190 million in the 2016/17 fiscal year. But the extra funds come with a warning. “KiwiRail must continue to drive significant efficiency and productivity improvements to reduce an ongoing level of Crown funding required,” said Transport Minister Simon Bridges said in a statement. Finance Minister Bill...

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