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

 


Discussions on passenger rail progressing well

Discussions over the future of passenger rail progressing well

Auckland, New Zealand -Tranz Rail Holdings Limited [NZSX: TRH]

Tranz Metro and Greater Wellington Regional Council met yesterday to discuss a new long-term contract for the supply of Wellington's passenger rail services. Negotiations are progressing well and it is anticipated that a new contract will be signed within three to four months.

"We are exploring a wide range of options for the provision of cost effective solutions for rolling stock, stations, infrastructure and systems", said National Passenger Manager, Ross Hayward.

Dr Dave Watson, Greater Wellington Divisional Manager, Regional Transport also agreed that negotiations were progressing well.

"Tranz Metro have now opened their books, which has enabled us to have increasing confidence in their projected operating costs and revenues."

Many projects under consideration involve major improvements to infrastructure and rolling stock. These projects include the electrification of services to Waikanae and new rolling stock. For the more urgent projects Greater Wellington and Tranz Metro have agreed to jointly fund engineering studies to progress:

* Refurbishment of English Electric units

* New carriage trains for the Wairarapa services

* New electric multiple units

* Improved clearance on the Johnsonville Line to allow off peak services to be provided by modern rolling stock

* Double tracking between Pukerua Bay and Paekakariki Mr Hayward said the jointly funded studies will investigate all issues and identify practical cost effective solutions that can be implemented as soon as possible."

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news