Investing in KiwiRail

### ODT Online Tue, 18 May 2010
$750m boost for KiwiRail
The Government will invest an initial $250 million as part of a $4.6 billion long term plan to turn around KiwiRail, Prime Minister John Key announced today. Mr Key said $750m would be committed “in principle” over the next three years.
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Post by Elizabeth Kerr


Filed under Economics, Geography, Politics, Project management

2 responses to “Investing in KiwiRail

  1. ### ODT Online Sun, 2 Mar 2014
    Asbestos scare in Chinese-made trains
    Cost-cutting by KiwiRail could cost workers their lives if tests on Chinese-made trains show positive results for asbestos, the train drivers’ union says. It comes after 40 of the state-owned company’s locomotives were taken out of action following the discovery of the potentially deadly material in a soundproofing compound inside one of the vehicles on Friday. APNZ
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    ### ODT Online Mon, 3 Mar 2014
    Counting cost of asbestos find
    By Chris Morris
    Additional reporting by Patrice Dougan (APNZ)
    The discovery of asbestos in KiwiRail trains built in China – after Dunedin’s Hillside Engineering Workshops was overlooked for the work – shows what can go wrong with cost-cutting, Dunedin Mayor Dave Cull says. […] Hillside closed in 2012, ending 130 years of history with the loss of about 130 jobs. The closure came after KiwiRail opted to order 40 locomotives, at a total cost of about $150 million, from China. The locomotives had since been plagued by a string of faults, before the latest discovery of asbestos, it was confirmed.
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