KiwiRail warns of covid 'force majeure' risk

KiwiRail warns of covid 'force majeure' risk
Covid disruptions could affect KiwiRail's services. (Image: supplied)
Oliver Lewis
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...

More Infrastructure

Council puts Aussie firms ahead of local experience
Infrastructure

Council puts Aussie firms ahead of local experience

Auckland mayor says council procurement 'doesn’t align' with private practice.

Tarras airport dreams dead ... for now
Infrastructure

Tarras airport dreams dead ... for now

Christchurch airport is putting the controversial project on hold.

Oliver Lewis 28 Feb 2024
NZTA highlights funding 'gap' for state highway renewals
Infrastructure

NZTA highlights funding 'gap' for state highway renewals

Hello, potholes? Spending on renewals falls well behind depreciation. 

Oliver Lewis 28 Feb 2024
Auckland growth and weather influence Vector's results
Infrastructure

Auckland growth and weather influence Vector's results

The company reported adjusted earnings of $185 million, up 7%.

Ian Llewellyn 27 Feb 2024