10-year KiwiRail turnaround plan approved

NEW ZEALAND: On May 18 the government gave its backing to KiwiRail's NZ$4·6bn 10-year turn-around plan, providing the long-term commitment needed to retain the network and make rail 'relevant' to freight shippers. The government has allocated NZ$250m this year and agreed to a three-year package worth NZ$750m, subject to individual ...