New Zealand allocates $NZ 1.2bn for rail development
Posted: 15 May 2020, 06:37
New Zealand allocates $NZ 1.2bn for rail development
The funding includes:
- $NZ 421m for new freight wagons and locomotives
- $NZ 246m to support investment in track and supporting infrastructure, along with a potential $NZ 148m top up through the National Land Transport Fund, and
- $NZ 400m to help replace national railway KiwiRail’s ageing Interislander road/rail ferries and associated portside infrastructure...