AusRAIL, Market Sectors

NZ$198m for KiwiRail?s Turnaround Plan

<span class="" id="parent-fieldname-description"> The New Zealand Government has allocated NZ$198m to KiwiRail as part of its 2014 budget which was announced on May 14. </span> <p>The government’s investment will go towards KiwiRail’s NZ$4.5bn 10-year Turnaround Plan which is intended to make the operator’s freight business commercially viable including increasing rail traffic volumes, revenue and productivity, modernising assets and separating out the commercial elements of the business.</p><div>&nbsp