Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Next step in integrated rail business

Hon Dr Michael Cullen
Minister of Finance

Wednesday 24 September 2008 Media Statement

Next step in integrated rail business

The Cabinet has confirmed the final arrangements for the rail industry in New Zealand which will take effect from 1 October, Finance Minister Michael Cullen said today.

The current members of the NZ Railways Corporation Board, led by Cam Moore and including Linda Constable, Dr Clive Matthewson, Mike Williams, Lex Henry and Jon Mayson, have resigned with effect from 30 September. They will be replaced by a board led by the Rt. Hon Jim Bolger from 1 October, 2008.

"Ministers wish to thank the retiring members who were brought together to run a new business in September 2004. They inherited a rundown asset and have commissioned a large rebuilding programme which is delivering improvements to important portions of the network and upgrades to the metros of Wellington and Auckland," Dr Cullen said.

"With the purchase of the rail and ferry business of Toll NZ, the direction and purpose of the Crown’s ownership of rail has changed and it is the view of Cabinet that a new board should lead rail into the next phase of development," Dr Cullen said.

From October 1, the New Zealand Railways Corporation will be the single entity responsible for both rail and ferry services and the rail infrastructure. It will purchase KiwiRail Holdings.

Under the new structure, KiwiRail and ONTRACK will be separate operating units reporting to the New Zealand Railways Corporation Board chaired by Jim Bolger. The new Board includes Brian Corban, Mark Franklin, Ross Wilson, Ross Martin, Bryan Jackson and Linda Constable.

The government will next week announce the first tranche of new capital agreed to by the Cabinet for the integrated rail business's next phase of upgrades and expansion.


ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Back Again: Government Approves TPP11 Mandate

The Government has approved a negotiating mandate for Trans-Pacific Partnership 11 (TPP11), which will ensure New Zealand businesses remain competitive in overseas markets.

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>

ALSO:

.

 
 

Gordon Campbell: On Why Labour Isn’t Responsible For Barnaby Joyce

As a desperate Turnbull government tries to treat the Barnaby Joyce affair as a Pauline Hanson fever dream – blame it on the foreigners! We’re the victims of the dastardly New Zealand Labour Party! – our own government has chosen to further that narrative, and make itself an accomplice. More>>

ALSO:

Rail: Greens Back Tauranga – Hamilton – Auckland Service

The Green Party today announced that it will trial a passenger rail service between Auckland, Hamilton and Tauranga starting in 2019, when it is in government. More>>

ALSO:

Housing: Voluntary Rental Warrant Of Fitness For Wellington

Wellington City Council is partnering with the University of Otago, Wellington, to launch a voluntary Rental Warrant of Fitness for minimum housing standards in Wellington, Mayor Justin Lester has announced. More>>

ALSO:

Treaty: Agreement In Principle Signed With Moriori

“The Crown acknowledges Moriori was left virtually landless from 1870, hindering its cultural, social and economic development. The Crown also acknowledges its contribution to the myths that the people of Moriori were racially inferior and became extinct." More>>

ALSO:

Susan Devoy: Call For Inquiry Into State Abuse Reaches UN

Race Relations Commissioner Dame Susan Devoy is in Geneva and has asked a United Nations committee to urge the New Zealand government to initiate an inquiry into the physical and sexual abuse of children and disabled people held in state institutions. More>>

ALSO:

(Not National): Cross-Party Agreement On Pike River Re-Entry

The commitment was signed this afternoon by the leaders of Labour, United Future, The Maori Party, and the Green Party and, together with the earlier commitment by New Zealand First, means that there is now a Parliamentary majority behind the families’ fight for truth and justice. More>>

ALSO:

Earlier:

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election