16 Oct 2026
1 week ago
139 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
281 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.
17 Jul 2026
3 months ago
732 views
The New Zealand Government has confirmed KiwiRail will operate two new Cook Strait rail ferries, named Kupe and Cook, arriving in 2029 with a 30-year operational plan to ensure a practical and affordable ferry service. The project, capped at $1.7 billion, saves $2.3 billion compared to previous estimates and includes commercial arrangements protecting taxpayers while supporting critical freight routes between Auckland and Christchurch. The programme also features new marine infrastructure, strict project management, and a long-term strategy to maintain rail ferry services for future generations.
16 Apr 2026
6 months ago
1127 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
1234 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 Nov 2025
11 months ago
1177 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.