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

 

Napier-Gisborne rail link set aside


Napier-Gisborne rail link set aside until Tranz Rail arrangements clarified

Transfund New Zealand has set aside a bid for financial assistance to ensure the Napier-Gisborne rail link remains open at the request of the applicant, the Hawkes Bay Regional Council.

Earlier this month, council general manager Andrew Caseley wrote to Transfund requesting the application be set aside pending clarification of the new arrangements between the government and Tranz Rail. He also said that the council would wish the application to proceed should there be major uncertainties about the arrangements.

The Hawkes Bay Regional Council, also acting on behalf of Gisborne District Council, made an initial application in August 2001 for financial assistance to enable the rail line to remain open.

Following the government's announcements on land transport funding policies in February last year and subsequent changes in Transfund's funding criteria, the regional council resubmitted its request. ENDS

Transfund New Zealand is the government agency responsible for allocating funding toward an affordable, integrated, safe, responsive and sustainable land transport system for New Zealand. It funds a range of transport solutions based on funding applications received from Transit New Zealand, territorial authorities and regional councils. See our website www.transfund.govt.nz for more information.


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Voluntary Administration: Renaissance Brewing Up For Sale

Renaissance Brewing, the first local company to raise capital through equity crowdfunding, is up for sale after cash flow woes and product management issues led to the appointment of voluntary administrators. More>>

Elsewhere:

Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:

Media Mega Merger: Full Steam Ahead For Appeal

New Zealand's two largest news publishers have confirmed they are committed to pursuing their appeal against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>