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

 

KiwiRail welcomes Government’s boost to rail

February 23, 2018

Embargoed Until Midday

KiwiRail welcomes Government’s boost to rail

KiwiRail Chief Executive Peter Reidy says today’s announcements of new projects in the Provincial Growth Fund are a strong signal of the Government’s confidence in rail’s ability to drive regional economic growth for New Zealand.

“KiwiRail is committed to enabling sustainable and inclusive economic growth and the Government’s investment in promoting rail in the regions will enable us to step up that work.

“This investment is a vote of confidence in our customers and our staff.

“The projects announced today – the re-opening of the Wairoa-Napier line and the upgrade of the Whanganui line – are just the start.

“They are the projects that were ‘shovel ready’ and that we could begin straight away.

“The feasibility studies that were also announced today are an indication of the possibilities for future investment.

“We welcome this recognition of the contribution rail is making in adding value to New Zealand, not only through the efficient movement of freight and people, but in all of the areas highlighted in the recent Value of Rail report prepared by professional services firm EY.

“The benefits rail delivers include reducing congestion on roads, cutting carbon emissions, making our roads safer and lowering spending on road maintenance and upgrades.

“Together they add up to more than $1.5 billion per year, and they are a key reason for the Government’s financial investments today.

“Moving logs by rail takes pressure off the roads, and reduces greenhouse gases – each tonne of freight carried by rail instead of heavy trucks means 66 per cent fewer carbon emissions.

“The Wairoa-Napier road is not designed to cope with the growing volumes of logs now that the ‘Wall of Wood’ is coming on stream. Rail is the ideal way of getting that timber to overseas customers.

“We have estimated that using the Wairoa-Napier line to move the logs could take up to 5,714 trucks a year off the road, and reduce carbon emissions by 1292 tonnes.

“KiwiRail already transports around 25% of the country’s exports and plays a critical role in regional tourism.

“However, there is a lot of potential to increase that contribution, and KiwiRail looks forward to realising that potential.

“Today’s announcements are an important step in doing that,” says Mr Reidy.

ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

'Visionary' Leaders: Primary Sector Council Announced

A group of visionary agribusiness leaders is set to help our primary sector capture more value from its work, Minister of Agriculture and Rural Communities Damien O’Connor says ... More>>

ALSO:

Land Report: Issues With Soil Degradation

An environmental report released today has found we are damaging and losing our soils and our native plants and animals. More>>

ALSO:

Water Quality Report: Cause For Optimism

National River Water Quality Trends released by Land, Air, Water Aotearoa (LAWA) this week, reveal that for all river water quality parameters monitored over a 10 year period, more sites were improving than deteriorating. More>>

ALSO:

IMF Report On NZ: Positive Economic Outlook

Minister of Finance Grant Robertson has welcomed the IMF’s Concluding Statement, released following its annual visit, which provides an independent assessment of the strength of the New Zealand economy. More>>

ALSO:

Retail Power Price: Review Panel Named

The Energy and Resources Minister Megan Woods has released the details of who will sit on an expert advisory panel which is tasked with leading a review into the price of electricity in New Zealand. More>>

ALSO:

Increasingly Disruptive Threats: Govt Cyber Security Refresh

Broadcasting, Communications and Digital Media Minister Clare Curran today announced a comprehensive refresh of New Zealand’s approach to cyber security. More>>

ALSO:


Regional Growth: Action Plan To Modernise Taranaki’s Economy

The Provincial Growth Fund (PGF) will invest up to $20 million to help future-proof the Taranaki region by diversifying its economy, creating additional jobs and leveraging off the strong base the region has established through its oil, gas and agricultural ... More>>

ALSO: