KiwiRail warns of covid 'force majeure' risk

Covid disruptions could affect KiwiRail's services. (Image: supplied)

Wed, 01 Sep 2021

KiwiRail is warning its customers it may not be able to meet its contractual obligations because of disruptions caused by the covid lockdowns, declaring the latest lockdown a force majeure event.The Aug 24 notification preceded yesterday’s announcement that the state-owned rail and ferry operator had increased operating earnings almost three-fold in the last year to $63.2 million in the financial year to June 30.Operating earnings – a pre-tax figure that also excludes the cost of maintaining the national rail network, which is under...

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