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KiwiRail warns of covid 'force majeure' risk

Oliver Lewis
Wed, 01 Sep 2021

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