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Lease on Napier to Gisborne Rail line offer to HBRC
Media Release
24 November
2014
Lease on Napier to Gisborne Rail line offer to HBRC
Kiwirail has agreed to lease the mothballed Napier to Gisborne Rail line to Hawke’s Bay Regional Council, subject to a number of conditions.
The line was mothballed in December 2012, after storms earlier in the year caused severe damage, which is expected to cost close to $4 million to repair.
The next step is for HBRC to consider KiwiRail’s offer to see if it makes sense as an investment.
It has until 1 March 2015 to respond to KiwiRail.
ENDS
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