THE government of New Zealand has allocated an additional NZ$ 198m ($US 170m) to KiwiRail as part of its 2014 budget, which was announced on May 14.
NEW ZEALAND's national railway KiwiRail has reported an annual operating profit of $NZ 108.2m ($US 85.3m) for the financial year ending June 30, an increase of 3.1% compared with the previous financial year.
NEW ZEALAND's national railway KiwiRail has taken delivery of three tampers and three ballast regulators, which were ordered in October 2011 at a cost of $NZ 12m ($US 9.6m).
THE BOARD of New Zealand's national railway KiwiRail announced on June 7 that CEO Mr Jim Quinn is to stand down when his current five-year contract expires next February.
KIWIRAIL opened a new rail link to dairy company Fonterra's milk powder plant at Darfield west of Christchurch on April 12, the first new section of railway to be constructed on the South Island of New Zealand for more than 60 years.
NEW ZEALAND'S national railway KiwiRail has announced the daily Capital Connection commuter service linking Wellington and Palmerston North will continue operating until 2015.
KIWIRAIL has launched its refurbished Tranz Alpine passenger train which has been re-equipped with new passenger coaches built at the Hillside workshops in Dunedin.
A new system which uses the GPS tracking devices installed on KiwiRail's locomotive fleet is set to improve safety for New Zealand's track workers, as KiwiRail's project manager, Jonathan Wynands explains.
KIWIRAIL is to slash its infrastructure and engineering workforce by almost a quarter as part of its continuing drive to reduce operating expenses by $NZ 200m ($US 164m) over three years.
IN an effort to boost its financial performance, KiwiRail has announced plans to cut $NZ 200m ($US 161.5m) from expenses between 2013 and 2015.