KiwiRail seeks four years' funding under 'value of rail' accord

Tue, 26 Apr 2016

By Pattrick Smellie April 26 (BusinessDesk) - KiwiRail is starting negotiations for a new funding package it hopes will run from 2017 to 2020 and is looking for a small number of rail upgrade projects that will demonstrate that there is a "value of rail" to New Zealand beyond purely commercial returns. The state-owned rail operator's chief executive, Peter Reidy, told BusinessDesk one such project was in Wiri, South Auckland, where the addition of just three kilometres of railway track could unblock a major rail freight and passenger bot...

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