Government investment for rail turnaround

The government has committed to investing $250 million from Budget 2010 to support the KiwiRail Turnaround Plan in order to help increase New Zealand's economic productivity and growth.

The Turnaround Plan is designed to see the rail freight business become sustainable within a decade by getting it to a point where it funds its costs solely from customer revenue.

The Budget 2010 appropriation is the first round of government support for the objectives of the $4.6 billion Turnaround Plan. The government has committed in principle to a total package of $750 million over the next three years. Final decisions on funding will be subject to individual business cases and meeting the government’s performance measures.

Read more about the government's investment here.