Toll NZ weighs up new rollingstock options

<p>Toll NZ might assemble its own locomotives under the company’s commitment to invest NZ$100m in new rollingstock over five years. </p> <p>A Toll NZ spokeswoman told <em>Lloyd’s List DCN </em> that assembling the locomotives in New Zealand was one option presently under consideration. </p> <p>"We are looking at assembling them here, but we are not actually looking at building them ourselves," she said. "We will make a decision by the end of the year."</p> <p>Toll NZ’s new group general manager of its rail division, Gary Taylor, has been undertaking a review of the options, she said.</p> <p>Aside from new locomotives, the company has also undertaken a refurbishment program to upgrade and increase the power of a number of its existing locos.</p> <p>The work is being carried out at Toll NZ’s workshops and at Alstom, the spokeswoman said.</p> <p>Toll NZ is due to spend more than NZ$100m ($91.25m) over five years on rail &#8211 pledged as part of the deal to sell the track back to the New Zealand Government. </p> <p>Under that deal, the will government invest NZ$200m ($182.5) in the track network. </p> <br />