Archive for June, 2009

KiwiRail’s Quinn plans network revival

New KiwiRail CEO, Jim Quinn, plans to have a detailed five year recovery and expansion plan for the national railway company in place within the next 12 months. Quinn has taken control of a company suffering from 20 years of neglect, no long-term strategy and a budget too small to immediately rebuild its infrastructure and […]

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ARH In The Gun As Port Debt Levels Spiral

Auckland Regional Holdings(ARH) is coming under fire for its management of Ports of Auckland (POA) with the port’s debt level spiralling upwards and calls for it to inject capital back into the port. Since 2005, POA’s debt has grown from $146.4m, when ARH bought out the company, to $355.5m in December 2008 which $105.5m must […]

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Kiwirail Gets Lifeline, Capital Works Off Agenda

Finance Minister Bill English has put KiwiRail on life support but National has closed the door on any capital investment in the network indefinitely. The national rail freight and passenger company will be kept ticking over with a $90m Govt operating subsidy. The subsidy will be used to help fund “non-commercial” freight services in recognition […]

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Greens Highlight Funds Cut For Non Road Projects

The Greens are accusing the Govt of robbing public transport and other alternatives to roading projects to pay for its expanded road building programme. Co-leader Russel Norman says the Govt’s Policy Statement on transport shows significant funding is being taken away from sustainable modes of transport to be spent on roads. He says over the […]

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ARH In The Gun As Port Debt Levels Spiral

Auckland Regional Holdings(ARH) is coming under fire for its management of Ports of Auckland (POA) with the port’s debt level spiralling upwards and calls for it to inject capital back into the port. Since 2005, POA’s debt has grown from $146.4m, when ARH bought out the company, to $355.5m in December 2008 which $105.5m must […]

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