The package includes $NZ88.4m to renew the rest of the signalling and traction assets on the network while KiwiRail will spend $NZ80m upgrading the 30 year-old Ganz Mavag emus (pictured). Greater Wellington Regional Council will take over ownership of the Ganz Mavag and English Electric trains from KiwiRail under the terms of the agreement. In addition, the regional council will acquire ownership and responsibility for all stations except Wellington Station, train stabling and the depot. The government (through KiwiRail) will retain ownership of the metro rail track network, the traction and signalling assets, and responsibility for any further investment in the upgradng of these assets. The regional council will also pay a track access charge to KiwiRail.
