Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Budget investment builds a solid foundation for rail

The Government's substantial investment through Budget 2019 builds a solid foundation for the future of rail in New Zealand, KiwiRail Group Chief Executive Greg Miller says.

Today the Government announced a $741 million appropriation for KiwiRail through Vote Transport over the next two years and a further $300 million available for regional rail projects through the Provincial Growth Fund (PGF).

"More than a billion dollars over two years is an outstanding level of investment from the Government. It's a real shot in the arm for KiwiRail, and a clear recognition of the value rail can add to New Zealand's transport system.

"We know that rail, with 66 per cent fewer emissions per tonne of freight carried than trucks, has a key role to play in reducing New Zealand's transport emissions, relieving congestion on our roads, improving road safety and connecting our communities.

"This funding will allow us to improve the resilience of the rail network and invest in much needed wagons, locomotives and improve the productivity of our workshops so that rail services can be more reliable and operate more competitively in the market.

"KiwiRail operates across the country and we want to deliver more benefits to the regions. It's very encouraging that the Government has set aside $300 million for regional rail projects in this Budget, and we will be discussing regional rail opportunities with them".

The breakdown of Budget funding includes:


* $331m towards addressing legacy issues to improve reliability and resilience, such as maintaining existing tracks, signals, bridges, tunnels, new freight handling equipment and a new freight reservation and tracking system.

* $375m towards replacing 900 aging container wagons and start replacing the fleet of 48 South Island locomotives and some shunt engines, which are up to 50 years old; and improving the layout and efficiency of the major maintenance depots at Hutt and Waltham.

* $35m for progressing procurement of two new, rail enabled ferries that will replace Interislander's aging Aratere, Kaitaki, and Kaiarahi ferries.

* Potential to access up to $300m from the PGF for regional rail projects.

Mr Miller also welcomed the Government's announcement of the New Zealand Rail Plan.

"KiwiRail fully supports the New Zealand Rail Plan and will be working closely with the Ministry of Transport as it is developed.
"I see a great opportunity to think strategically about rail, including ensuring that it is integrated into transport planning across the country, and that there are appropriate mechanisms to ensure rail infrastructure is funded sustainably on an ongoing basis.

"For KiwiRail, the New Zealand Rail Plan will help ensure a level of certainty over the longer term, which is crucial for us to make effective commercial decisions.

"Combined with the Budget investment, the rail plan sets the foundation that will allow us to really grow rail for the benefit of New Zealand."

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

PM's Statement: Deadly Eruption Of Whakaari / White Island

At this stage, we can confirm that amongst those currently listed as missing or injured are New Zealanders who were part of the tour operation, and tourists from Australia, the United States, the United Kingdom, China and Malaysia. That is to the best of our knowledge.

To those who have lost or are missing family and friends, we share in your unfathomable grief at this moment in time, and in your sorrow. Your loved ones stood alongside kiwis who were hosting you here. We grieve with you, and we grieve with them... More>>

Police Update: Work Continues On Recovery; Clarification On Investigation
Police has been working with Defence and Fire and Emergency NZ (FENZ) to determine conditions on the island including gas levels in the atmosphere, so that we can understand the nature of the current conditions...
Police can also confirm we have commenced an investigation into the circumstances of the deaths and injuries on Whakaari / White Island... To correct an earlier statement, it is too early to confirm whether there will also be a criminal investigation. More>>

Gordon Campbell: On The Eruption And Tourism Safety
Adventure tourism is a central theme in New Zealand tourism, and by definition, adventure always includes a certain level of risk. That said, New Zealand itself is also at risk of being seen as a tourism destination where commercial factors – rather than safety factors – are routinely allowed to determine the point where the boundary line of acceptable risk is being drawn. More>>

 
 

Select Committee Report: Combatting Foreign Election Interference

MPs have finally delivered their recommendations to combat foreign interference in elections in a long awaited and much delayed report. More>>

Mosque Attacks: Names Of Arresting Officers Released

Police are now in the position to name the two officers involved in the arrest of the alleged gunman responsible for the attacks on the Al Noor and Linwood Mosques on March 15. More>>

Big, Bold, Permanent Change Needed: Children's Commissioner On 2019 Child Poverty Monitor

“I want to see family incomes dramatically raised by increasing benefits and making the minimum wage a living wage. And the Government needs to move much faster at increasing the supply of social housing..." More>>

ALSO:

RNZ Live Updates: Weather Mayhem Strands Tourists; Major Roads Closed

Hundreds of tourists are stranded on the West Coast, and on the other side of the South Island a flood-damaged bridge has closed State Highway 1, after a weekend of torrential rain... More>>

ALSO:

Policing: Armoured Specialist Police Vehicles

New Zealand Police has taken delivery of three Armoured Special Purpose Vehicles. The vehicles are unmarked and look like standard Toyota Land cruisers... They will not be used for patrol. More>>

Single Use PVC And Polystyrene Out: Next Steps On Plastic Waste

The Government will phase out more single-use plastics following the success of its single-use plastic bag ban earlier this year and the release today of a pivotal report for dealing with waste. More>>

ALSO:

Faafoi Statement: Minister's Suspicious Immigration Texts

I have apologised to the Prime Minister and understand I have let her down in regards to my dealings with Jason Kerrison over an immigration matter concerning his family. More>>

ALSO:

NZ First Conflicts Of Interest: New Details Around Timeline

New information has emerged showing it was the New Zealand First chief of staff who identified potential conflicts of interest between a forestry company and two senior government ministers, sparking a series of declarations. More>>

Earlier:

Donations:

Five New Cancer Meds In Six Months: Pharmac Funds More Cancer Medicines, Faster Assessment

PHARMAC has confirmed that two new medicines – olaparib for ovarian cancer and fulvestrant for breast cancer – have been approved for funding... Rituximab and bortezomib, which are already funded, have also been approved for widened access following successful commercial proposals from new suppliers. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 


 

InfoPages News Channels