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

 


Overlander announcement

28 September 2006 (EMBARGOED UNTIL 4PM)


Overlander announcement


Toll NZ today announced that taking on board all the support they have received for a long distance North Island rail service, and their own exhaustive efforts to find a workable solution to keep the Overlander operating, a service will continue to run but initially on a reduced timetable.

From next week the Overlander will run for 3 days a week, on Friday, Saturday and Sunday on the existing timetable. For the busy summer season from mid December through to Autumn, and subject to patronage, the service will run 7 days a week. After Easter the service will revert to 3 days a week through the winter off-season. This will meet the needs of the majority of customers.

Toll NZ CEO David Jackson says, “ The continuation of the Overlander allows Toll to look at other funding options .We have had tremendous support from the regional councils and will consider an upgraded service option and offering alternate packages aimed at both domestic users and the tourist market.

“We therefore want to explore options that may be open to us to achieve this with the support and input of various interested parties. We especially appreciate the support of the regions to assist with marketing.

“Over the next few weeks we will be speaking to key people with the aim being of putting in place a clear plan for the positive development of the Overlander. Clearly it cannot remain in its current format so change will be fundamental for its survival. “Reducing the services will allow us to perform refurbishments on the existing carriages and it expected that this work will be completed by the start of the summer season .

‘I personally want to thank all those New Zealanders who have supported this service up until now. I also want to publicly thank our staff for the amazing job they have done under particularly stressful circumstances over the past few weeks”, says Mr Jackson.

“Toll is committed to New Zealand and to passenger transport . Between our ships and trains we carry close to 13 million passengers per year.”

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Pre-Budget: Computer Emergency Response Team, Assemble!

John Key told the country's first ever Cyber Security Summit in Auckland that the government had earmarked funding set up a national Computer Emergency Response Team to help prevent and act on cyber incidents in partnership with the private sector and other organisations. More>>

ALSO:

Job Cutter Goes: Mark Weldon To Step Down As MediaWorks CEO

“When I joined MediaWorks in August 2014, I had a mandate to lead a significant change programme to bring the business back from receivership into a position where it could once again be a strong competitor in the market, with a sound and sustainable future. It was a big brief, laden with inherent challenges, but I took it in good faith and have dedicated myself fully to the goal since." More>>

ALSO:

Must Sell 20 Petrol Stations: Z Cleared To Buy Caltex Assets

Z Energy is allowed to buy the Caltex and Challenge! petrol station chains but must sell 19 of its retail sites and one truck-stop, the Commerce Commission has ruled in a split decision that acknowledges possible retail price coordination between fuel retailers occurs in some regions. More>>

ALSO:

Huntly: Genesis Extends Life Of Coal-Fuelled Power Station To 2022

Genesis Energy will keep its two coal and gas-fired units at Huntly Power Station operating until 2022, having previously said they'd be closed by 2018, after wringing a high price from other electricity generators who wanted to keep them as back-up. More>>

ALSO:

Dammed If You Do: Ruataniwha Irrigation Scheme Hits Farmer Uptake Targets

Enough Hawke's Bay farmers have signed up for water from the proposed Ruataniwha Water Storage Scheme for it to go ahead as long as a cornerstone institutional capital investor can be found to back it, its regional council promoter announced. More>>

ALSO:

Reserve Bank: OCR Stays At 2.25%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.25 percent, in a decision traders had said could go either way, while predicting inflation will pick up as the slump in oil prices washes out of the data and capacity pressures start to build in the economy. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news