KiwiRail
 |
|
| State-Owned Enterprise | |
| Industry | Rail transport, shipping, property management |
| Predecessor | Toll NZ |
| Founded | 1 July 2008 |
| Headquarters | Wellington, New Zealand |
|
Area served
|
New Zealand |
|
Key people
|
John Spencer (Chairman) Brian Corban (Deputy Chair), Peter Reidy (CEO) |
| Services | Rail freight Long-distance passenger rail Urban passenger rail Inter-island ferries |
| Revenue |
 NZ$720.6 million (FY June 2015) |
|
NZ$168 million (FY June 2015) |
|
| Divisions |
|
| Subsidiaries | KiwiRail Finance Ltd KiwiRail Ltd |
| Website | www |
KiwiRail Holdings Limited is a New Zealand State-owned enterprise responsible for rail operations, which trades as KiwiRail. Headquartered in Wellington, New Zealand, KiwiRail is the largest rail transport operator in New Zealand. Since July 2010 John Spencer has been the chairman. KiwiRail Freight, KiwiRail Scenic Journeys and the Interisland Line are all subsidiaries of KiwiRail.
KiwiRail was created from a number of entities that date back to the 19th century. Prior to KiwiRail, rail transport in New Zealand has been under both public and private ownership. Government operators included the Public Works Department (1873–1880), New Zealand Railways Department (1880–1982), and the New Zealand Railways Corporation (1982–1990). New Zealand Rail Limited was split off from the Railways Corporation (which continued to own the land beneath the rail network) in 1990, privatised in 1993 and then renamed in 1995 to Tranz Rail. In 2004 Tranz Rail's rail, ferry and trucking operations were taken over by Toll Holdings and renamed Toll NZ, with the central government buying back the rail network under the New Zealand Railways Corporation (trading as ONTRACK). After several years of negotiations the two parties could not come to an agreement on the amount that Toll should pay for access to the rail network (track access fees). In July 2008, the government announced the purchase of Toll Rail from Toll, renaming it KiwiRail. The Railways Corporation then owned both KiwiRail and ONTRACK, but both companies were merged in October 2008 to create one company that controls both rail and ferry operations and rail infrastructure. Toll retained ownership of its trucking operation.
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Wikipedia