New Zealand will Make Investment for Rail Services

The New Zealand Government has committed significant funding for modernizing its rail service through acquisitions of toll holding assets and expanding infrastructure improvements.

May 8, 2008 12:10 am | Last Update: August 2, 2015 12:13 am

The New Zealand Government has announced plans to invest hundreds of millions of dollars into modernising its rail service, according to local reports.

The government is set to buy Toll Holding’s rail and ferry business followed by ongoing investment to improve rail link-ups with major ports to reduce road freight, Finance Minister Michael Cullen announced.

TAGS: new zealand railway modernisation, new zealand railway project, new zealand railway signalling, new zealand railways corporation, Toll Holding railway

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