16 Oct 2026
1 week ago
163 views
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.
30 Sep 2026
3 weeks ago
305 views
Rail Minister Winston Peters praised KiwiRail's strong annual performance, highlighting a $162 million operating surplus, 11% growth in rail freight revenues, and a 3% increase in freight volumes for the year ending June 2026. He emphasized KiwiRail's vital role in New Zealand's economy, moving a quarter of exports, supporting millions of passenger journeys, and benefiting from investments that have modernized the fleet and improved infrastructure funding. Despite skepticism, KiwiRail has achieved high reliability, particularly with the Interislander service, thanks to dedicated workers and strategic management.
18 Aug 2026
2 months ago
491 views
The 1,000th rail wagon has been produced at Dunedin’s Hillside Workshops as part of a government-backed programme assembling 1,350 modern wagons to enhance KiwiRail’s freight network, supporting exporters and regional industries. This initiative revitalized Hillside, creating over 200 construction jobs and employing around 110 staff in mechanical engineering, assembly, and infrastructure, while rebuilding practical rail skills in Dunedin. The new wagons improve rail reliability, contribute to freight solutions across New Zealand, and position the country to have one of the youngest rail freight fleets globally.
24 Apr 2026
6 months ago
1025 views
The rail system in the South Island is being rebuilt with a new maintenance hub in Christchurch and 66 new DM Class locomotives to boost the national economy and improve efficiency. These investments, totaling $1.2 billion since 2019, have enhanced fuel economy, hauling power, and schedule reliability, contributing to KiwiRail's $73 million half-year profit and a 7% increase in rail freight volumes. The project reflects a shift from road to rail freight, emphasizing the government's commitment to maximizing taxpayer-funded infrastructure value.
16 Apr 2026
6 months ago
1136 views
The Marlborough District Council has begun consulting on funding Port Marlborough’s $110 million contribution to revenue-generating port assets in Picton, supporting new resilient ferries for road, rail, and passengers. This initiative, part of a $531 million budget for Picton works, aims to replace ferries while saving taxpayers $2.3 billion and securing long-term infrastructure for the Interislander and Bluebridge services. The proposal is designed to cost no additional ratepayer funds, with dividends from Port Marlborough benefiting the community and taxpayers funding the balance through Ferry Holdings.
27 Feb 2026
7 months ago
1243 views
KiwiRail has shown significant improvement, achieving a $73.4 million operating surplus and a 7% increase in volumes due to focused commercial discipline and upgraded rolling stock. Investments in modern locomotives, better maintenance funded by legislative changes, and improved infrastructure have enhanced schedule reliability and reduced disruptions from natural events. Additionally, Interislander maintained 100% reliability during peak periods, demonstrating the success of KiwiRail’s strategic focus on reliability, cost control, and asset renewal.
19 Feb 2026
8 months ago
1186 views
Rail Minister Winston Peters welcomes the New Zealand Transport Agency’s decision to extend the Waikato-Auckland passenger rail service Te Huia by one year. The service, funded to refurbish carriages and build a depot, faced challenges due to Covid-19 but has since gained strong patronage and high customer satisfaction. The extension allows for a fair assessment of the service, which has become a key commuter and city connector.
19 Nov 2025
11 months ago
1183 views
The Government has secured two new Interislander ferries from Guangzhou Shipyard International under a $596 million fixed-price contract, with the total program costing less than $2 billion and saving taxpayers $2.3 billion by cutting expensive consultancy and excessive infrastructure. Funding for the infrastructure will be recovered through port fees and Interislander is expected to build reserves for future ferry replacements, operating like a normal business. The project is managed by Ferry Holdings with support from CentrePort, Port Marlborough, and KiwiRail, emphasizing fiscal discipline and minimizing disruption, while also strengthening economic ties with China.
14 Oct 2025
1 year ago
1357 views
The Government has selected Guangzhou Shipyard International to build two new ferries through Ferry Holdings Limited. Rail Minister Winston Peters highlighted GSI's expertise and capabilities as a leading shipbuilding enterprise in Southern China. Negotiations are ongoing, with details to be disclosed upon completion, including agreements with CentrePort Limited and Port Marlborough New Zealand Limited, aiming for completion in 2029 with cost-effective solutions to benefit New Zealand taxpayers.
03 Sep 2025
1 year ago
1381 views
Ferry Holdings has secured a preferred shipbuilder for two new ferries to serve passengers, road, and rail for the next 30 years, with a fixed price and completion in 2029. Rail Minister Winston Peters praised the swift procurement process and highlighted the importance of the letter of intent signed for technical negotiations. The new ferries will have specific dimensions, capacities, power, and safety features to ensure efficient and environmentally friendly transportation across the Cook Strait for the next three decades.
28 Aug 2025
1 year ago
1393 views
Rail Minister Winston Peters announced an increased annual contribution to the Rail Heritage Trust of New Zealand for restoring rail heritage buildings and structures. The Trust has restored various railway sites, including the Cass railway station, and aims to support more with local financial and volunteer help. KiwiRail is also repairing the historic rail footbridge at Moana and considering transferring ownership of the Mataura Railway Station to the Trust for restoration.