Subscribe today - find out more
Why you should consider BusinessDesk

KiwiRail drops China for Spain for new locos

Staff reporters
Tue, 12 Oct 2021

Locomotive order is on track (Image: Supplied)
Staff reporters
Tue, 12 Oct 2021
KiwiRail will pay €228 million ($403m) to replace its ageing South Island locomotive fleet, confirming an order for 57 locomotives built by Stadler Rail Valencia.The Spanish-built diesel/electric powered narrow gauge locomotives will replace the current 65-strong fleet over a three year period from 2024. Swiss-based Stadler Rail is one of the world's leading manufacturers of railway rolling stock, with subsidiaries across nine different countries. KiwiRail group chief executive Greg Miller said the average age of the fleet is 47 y...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Opinion FREE
UK trade deal reverses an ugly history
Tim Groser | Fri, 22 Oct 2021

The free trade deal announced on Thursday puts to bed half a century of troubled and tortured negotiations.

Technology
Scott Technology’s record result leans on meat and mining
Henry Burrell | Fri, 22 Oct 2021

The robotics firm’s strong global presence has been bolstered by a new deal with a white goods giant. 

Retail
Small businesses in 'hard out survival mode'
Oliver Lewis | Fri, 22 Oct 2021

An economist is warning NZ businesses are entering the highest risk period for failures.

Sponsored
Decarbonising infrastructure – navigating an abundance of policy and analysis

We have a rare opportunity to align significant public infrastructure investment with urgent climate change reform, but time is short and we all need to act.

Sponsored
Let's not lose sight of the wood for the trees

As much generation will need to be built in the next 14 years as has been built in the last 40+ years for Aotearoa to meet its commitment of achieving net zero emissions by 2050.

Loading...