Transport
Thu 25 May 2017
Budget 2017 will invest $548 million of new capital funding to maintain and upgrade New Zealand’s rail network, supporting freight movement, exporters, tourism and public transport, Transport Minister Simon Bridges says.
$450 million of that funding will be invested in KiwiRail over the next two financial years.
“KiwiRail has achieved significant productivity and efficiency improvements over the past two years, despite the challenges of the November 2016 earthquake and the Midland Line fire,” Mr Bridges says.
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