Thursday, 20 May 2021, 2:20 pm
The Government’s significant rail investment in Budget
2021 is another major and welcome step to making KiwiRail
sustainable, Group Chief Executive Greg Miller
says.
The Government has committed $1.3 billion for
rail in Budget 2021, building on previous Budget investments
of $1.2 billion in Budget 2020 and $1 billion in
2019.
“This is an outstanding level of investment
from the Government which is truly revitalising rail for New
Zealand,” Mr Miller says.
“KiwiRail has already
replaced its aging North Island locomotive fleet, and this
latest tranche of funding will fully cover the cost of
replacing our South Island locomotives, many of which are