KiwiRail in 'build and growth' mode: Peter Reidy

KiwiRail is aiming to double its operating surplus within three years, an ambitious goal needed to become self-sufficient. As chief executive Peter Reidy told attendees at a rail conference on Monday, the government invested $8.6 billion in KiwiRail in recent years, mostly to develop the rail network but also for new ferries, wagons and locomotives. “It has been a real watershed for KiwiRail, with a level of investment not seen probably since the 1870s,” he said. “The investment that we’re putting into the...