29 May 2012 Aus & New Zealand

FUNDING FOR KIWIRAIL

In its 2012-13 budget, the New Zealand government has allocated NZ$250 million of capital funding to Kiwirail, the national railway. This is the final instalment in a three-year NZ$750m package to support a system turnaround plan announced in 2010. The funding will be used to remove capacity constra

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