State-owned Asset Sale
“A Berl report showed that having the new KiwiRail rolling stock for Auckland built at Hillside would have added $250m to the economy, reduced the current account deficit by $122m and created 1270 jobs. Unfortunately, National insisted that KiwiRail only consider its narrow commercial interests and ignore the wider impacts of its decision.” -Metiria Turei
### ODT Online Thu, 19 Apr 2012
KiwiRail putting Hillside up for sale
By John Lewis
KiwiRail is seeking expressions of interest for the sale of Dunedin’s Hillside Workshops. The business will be advertised for sale as a going concern from early May, 2012 with a final decision due by the end of August, 2012. KiwiRail chief executive Jim Quinn said the decision was made after analysing the financial impact of the reduction in construction and refurbishment forward work orders for Hillside Workshops.
Posted by Elizabeth Kerr