16 Oct 2026
1 week ago
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KiwiRail will invest up to $37.5 million in Picton rail yard upgrades and auto-mooring technology for the New Ferries project, with no additional cost to taxpayers beyond the $1.7 billion allocation. The investment, approved by Rail Minister Winston Peters, aims to improve rail operations and enhance ship berthing efficiency without delaying the overall project timeline. This initiative reflects disciplined scope control and confidence in KiwiRail as the long-term Interislander operator.
01 Jul 2025
1 year ago
2801 views
Ferry Holdings has reached agreement with CentrePort, Port Marlborough and KiwiRail on core infrastructure scope, Rail Minister Winston Peters announced today. The agreements set out the scope of physical work and equipment to be delivered by 2029 when two new ferries arrive, with port and KiwiRail agreements to be entered later this year to confirm the investment splits between Ferry Holdings and each other company and other commercial terms. “This is not our first regatta, as this no-nonsense infrastructure focus is what was supposed to happen in 2020 until poor management and a lack of oversight allowed iReX to blow out.