Kiwi Rail
 |
|
| 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
|
Trevor Janes (Chairman) (Deputy Chair) Peter Reidy (CEO) |
| Products | The Great Journeys of New Zealand |
| Services | Rail freight Long-distance passenger rail Urban passenger rail Inter-island ferries |
| Revenue |
 NZ$694 million (2016) |
|
NZ$194 million loss (2016) |
|
|
Number of employees
|
3,400 |
| Divisions |
|
| Subsidiaries | KiwiRail Limited |
| Website | www |
KiwiRail Holdings Limited is a New Zealand State-owned enterprise responsible for rail operations in New Zealand. Trading as KiwiRail and headquartered in Wellington, New Zealand, KiwiRail is the largest rail transport operator in New Zealand. KiwiRail has business units of KiwiRail Freight, The Great Journeys of New Zealand and Interislander. KiwiRail released a 10-Year Turn-around Plan in 2010 and has received significant government investment in support of this in an effort to make KiwiRail a viable long-term transport operator.
Prior to the establishment of 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 acquired 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). This effectively stifled the ability of rail in New Zealand to recover from the prior years of investment neglect and seriously threatened the ability of New Zealand to get its key primary products to market.
In July 2008, the government announced the purchase for $690 million of Toll Rail (but not its trucking operation), renaming it KiwiRail. The Railways Corporation then owned both KiwiRail and ONTRACK, with both companies merging in October 2008 to create one company that controls both rail and ferry operations and rail infrastructure.
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Wikipedia