MPs question why KiwiRail is still a state owned enterprise

Old trains and old problems continue to plague KiwiRail's bottom line.

Sat, 03 Apr 2021

A parliamentary select committee has questioned why KiwiRail remains a state-owned enterprise (SOE) in the face of past and ongoing losses.The Transport and Infrastructure Committee’s annual review of KiwiRail notes, as an SOE, it is expected to operate as profitably and efficiently as a comparable business not owned by the Crown.Its for-profit designation means its assets are valued on the basis of projected future cash flows. In past financial years, a number of rail network assets have been impaired as the forecast cash flows indicate...

Unlock all stories free for 10 days

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

We won’t charge for 10 days. You can cancel anytime with two clicks, an email or a phone call. Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].interval) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

You will be charged in 10 days unless you cancel beforehand.
We will remind you three times before charging you.
All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Policy

Aukus pillar 2 a smokescreen for N-subs: ex-Oz foreign minister

Bob Carr says notion of tech role for New Zealand is “science fiction”.

Pattrick Smellie 12:55pm

Law & Regulation

ComCom wants to trim $300m off Chorus investment plan

The 16% cut is on top of the $181m reduction Chorus tabled in February.

Jem Traylen 12:35pm

ComCom wants to trim $300m off Chorus investment plan

Property

Giltrap Group founder, philanthropist Sir Colin Giltrap dies

Giltrap died last night at the age of 84.

Staff reporters 10:05am

Giltrap Group founder, philanthropist Sir Colin Giltrap dies

Sponsored

Auckland's new "Midtown" taking shape

5-star hybrid workspaces, combined with the City Rail Link, are creating a revitalised inner-city zone designed to motivate workers back to the office.

Alberts

Sponsored

Building confidence and capability is the key to boosting productivity

In the pack houses of Hawke’s Bay apple growers, smart cameras scan the apples looking for blemishes and grading the fruit to ensure only the best is selected for domestic and international markets.

ASB