KiwiRail would allow Hawke's Bay council to lease Napier-Gisbourne line

Mon, 24 Nov 2014

By Jonathan Underhill Nov. 24 (BusinessDesk) - Kiwirail, the state-owned railroad, has conditionally agreed to lease the mothballed Napier-to-Gisborne line to Hawke’s Bay Regional Council, effectively giving the local authority an option to resurrect the unprofitable route. KiwiRail mothballed the line in December 2012 after storm damage it estimated would have cost $4 million to repair. At the time it said ongoing maintenance costs would have mounted up to a further $6 million a year. By mothballing the the 212 kilometre Gisborne-to-N...

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