Articles tagged with Interislander
KiwiRail Boosts Performance with $73M Surplus and 7% Volume Growth
1 month ago | 259 viewsKiwiRail has shown significant improvement, achieving a $73.4 million operating surplus and a 7% increase in volumes due to focused commercial discipline and upgraded rolling stock. Investments in modern locomotives, better maintenance funded by legislative changes, and improved infrastructure have enhanced schedule reliability and reduced disruptions from natural events. Additionally, Interislander maintained 100% reliability during peak periods, demonstrating the success of KiwiRail’s strategic focus on reliability, cost control, and asset renewal.
Tags: KiwiRail Winston Peters Suzanne Tindal New Zealand Dunedin Hillside Workshops Stadler locomotives Interislander Infrastructure Commission Rail Minister South IslandGovernment Saves $2.3 Billion with New Interislander Ferries and Infrastructure
4 months ago | 436 viewsThe Government has secured two new Interislander ferries from Guangzhou Shipyard International under a $596 million fixed-price contract, with the total program costing less than $2 billion and saving taxpayers $2.3 billion by cutting expensive consultancy and excessive infrastructure. Funding for the infrastructure will be recovered through port fees and Interislander is expected to build reserves for future ferry replacements, operating like a normal business. The project is managed by Ferry Holdings with support from CentrePort, Port Marlborough, and KiwiRail, emphasizing fiscal discipline and minimizing disruption, while also strengthening economic ties with China.
Tags: Winston Peters Guangzhou Shipyard International Ferry Holdings CentrePort Port Marlborough KiwiRail Interislander Bluebridge Rail Minister Cook Strait