AusRAIL, Market Sectors

NZ track network deal imminent: Toll

<p>Tranz Rail owner Toll Holdings and the New Zealand Government should agree on the framework for its track ownership deal by the end of next month.</p> <p>Toll’s managing director, Paul Little, told the <em>New Zealand Herald</em> that negotiations were "progressing satisfactorily".</p> <p>The new track-owning company is due to take control of the network on July 1.</p> <p>The government bought the tracks for NZ$1 and agreed to invest NZ$200m over five years.</p> <p>Toll will invest NZ$100m in rollingstock.</p> <br />