Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Cautious Welcome to Changes in Rail Structure

Engineering Profession Gives Cautious Welcome to Changes in Rail Structure

The Institution of Professional Engineers New Zealand (IPENZ) today cautiously welcomed the announcement of changes to the structure of the rail industry in New Zealand.

“It is a step in the right direction” said IPENZ Deputy Chief Executive John Gardiner. Our initial analysis of the proposal shows that it has the potential to provide a sustainable future for rail operations in New Zealand. One area of potential concern is the exclusive rights given to Tranz Rail for access to the network. While the “use it or lose it” mechanism will be an incentive on the company to provide an adequate level of customer service at a cost the market will bear, the tonnage threshold should be set at a level that ensures the company continues to be innovate in its service package. “Sixty seven years is a long time to give a private company sole access to a state asset. The Government needs to ensure that they do not abuse this right through ensuring performance through this mechanism” said Mr Gardiner.

Setting the network company up as a Crown company will be an effective means of providing a focus on the management of a safe and reliable rail network. “The fact that it appears that the Government is not setting up the company as a state owned enterprise suggests that the government recognises that there will probably be a need for regular capital injections to keep the network safe and efficient” said Mr Gardiner.

“It is important that those appointed to govern and manage the new company have the right balance of engineering and rail operations skills to manage what is a key asset in the nation’s transport infrastructure” said Mr. Gardiner. IPENZ looks forward to working with the working with the Government to identify such people.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Postnatal Depression: 'The Thief That Steals Motherhood' - Alison McCulloch

Post-natal depression is a sly and cruel illness, described by one expert as ‘the thief that steals motherhood’, it creeps up on its victims, hiding behind the stress and exhaustion of being a new parent, catching many women unaware and unprepared. More>>


DIY: Kiwi Ingenuity And Masking Tape Saves Chick

Kiwi ingenuity and masking tape has saved a Kiwi chick after its egg was badly damaged endangering the chick's life. The egg was delivered to Kiwi Encounter at Rainbow Springs in Rotorua 14 days ago by a DOC worker with a large hole in its shell and against all odds has just successfully hatched. More>>


Trade: Key To Lead Mission To India; ASEAN FTA Review Announced

Prime Minister John Key will lead a trade delegation to India next week, saying the pursuit of a free trade agreement with the protectionist giant is "the primary reason we're going" but playing down the likelihood of early progress. More>>



MYOB: Digital Signatures Go Live

From today, Inland Revenue will begin accepting “digital signatures”, saving businesses and their accountants a huge amount of administration time and further reducing the need for pen and paper in the workplace. More>>

Oil Searches: Norway's Statoil Quits Reinga Basin

Statoil, the Norwegian state-owned oil company, has given up oil and gas exploration in Northland's Reinga Basin, saying the probably of a find was 'too low'. More>>


Modern Living: Auckland Development Blowouts Reminiscent Of Run Up To GFC

The collapse of property developments in Auckland is "almost groundhog day" to the run-up of the global financial crisis in 2007/2008 as banks refuse to fund projects due to blowouts in construction and labour costs, says John Kensington, the author of KPMG's Financial Institutions Performance Survey. More>>


Health: New Zealand's First ‘No Sugary Drinks’ Logo Unveiled

New Zealand’s first “no sugary drinks logo” has been unveiled at an event in Wellington... It will empower communities around New Zealand to lift their health and wellbeing and send a clear message about the damage caused by too much sugar in our diets. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news