Type | State-Owned Enterprise |
---|---|
Industry | Rail transport |
Predecessor | Toll NZ |
Founded | July 1, 2008 |
Headquarters | Wellington, New Zealand |
Area served | New Zealand |
Key people | John Spencer (Chairman) Brian Corban (Deputy Chair), Jim Quinn (CEO) |
Services | Rail freight Long-distance passenger rail Urban passenger rail Inter-island ferries |
Revenue | $667,378 million (FY June 2011)[1] |
Operating income | $100,330 million (FY June 2011)[1] |
Profit | $34,118 million (FY June 2011)[1] |
Parent | New Zealand Railways Corporation |
Divisions |
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Subsidiaries | KiwiRail Finance Ltd KiwiRail Ltd |
Website | www.kiwirail.co.nz |
KiwiRail Holdings Limited is the rail operations subsidiary of the New Zealand Railways Corporation, which trades as KiwiRail. Headquartered in Wellington, New Zealand, KiwiRail is the largest rail transport operator in New Zealand. Since July 2010 John Spencer has been the Chairman. Tranz Scenic, Tranz Metro, Interisland Line and Hillside Engineering are all subsidiaries of KiwiRail.
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KiwiRail was created from a number of entities that date back to the 19th century. Prior to KiwiRail, rail transport in New Zealand has been under both public and private ownership. Government operators included New Zealand Railways Department (1873–1981), the New Zealand Railways Corporation (1981–1990), New Zealand Rail Limited (1990–1995), Tranz Rail (1995–2003) and Toll Rail (2004–2008).
KiwiRail's South Island operations were disrupted by the 2010 Canterbury earthquake, but KiwiRail also participated in disaster relief efforts.[2] Their operations were once again disrupted by the large 2011 aftershock, resulting in the cancellation of the TranzAlpine and TranzCoastal passenger trains until at least March 1.[3]
In the 2010 Budget KiwiRail received a capital injection of $250 million, and a further $500 million in principle to make it sustainable within a decade. Prime Minister John Key and Minister of Transport Steven Joyce said the injection was part of a $4.6 billion turnaround plan for KiwiRail "designed to see the rail freight become sustainable within a decade by getting it to a point where its costs are funded solely from customer revenue." The $4.6 billion would come from business itself.[4]
KiwiRail describes its turnaround plan as reflecting "the need to create a viable and efficient rail industry capable of meeting its share of freight traffic projected to grow by at least 75 percent by 2031."[5]
The plan aims to increase rail traffic volumes and revenue, increase productivity, modernise assets and separate out the commercial elements of the business from the non-commercial.[5]
The plan includes five major points:[5]
Two of KiwiRail's major customers, Mainfreight and Fonterra, are investing heavily in rail-related infrastructure. Mainfreight has allocated $60 million for investment in new railhead depots, while Fonterra has invested $130 million in a new rail hub complex in Hamilton and another in Mosgiel.[7]
In 2011, KiwiRail proposed splitting its land and rail corridor assets from its rail operation assets.[8]
KiwiRail operates on some 3,898 (km) or 2,422 (mi) of track, of which around 500 km (300 mi) is electrified.
KiwiRail hauls many different commodities, most notably coal and milk, as well as intermodal freight.
One of KiwiRail's major operations is on the Midland line, where unit trains of up to 30 wagons transport coal from the West Coast to Lyttelton.
Tranz Metro is the Wellington suburban operation of KiwiRail. In 2011 the assets of Tranz Metro (totaling $107,541 million) were transferred from KiwiRail to Greater Wellington Regional Council subsidiary Greater Wellington Rail Limited.[1]
Auckland suburban trains are operated by Veolia Transport, a separate company.
Tranz Scenic is the long-distance passenger transport subsidiary of KiwiRail, operating the Capital Connection, Overlander, TranzAlpine and Coastal Pacific.
KiwiRail uses a variety of different locomotives, including those for shunting and specific trains used for coal and other transport modes.
Some of the more prominent rail facilities used by KiwiRail include:
KiwiRail operates two major engineering facilities:
Executive Board | |
John Spencer | Chairman |
Paula Rebstock | Deputy Chair |
Dr Kevin Thompson | Director |
Robert Field | Director |
Rebecca Thomas | Director |
Mark Tume | Director |
John Leuchars | Director |
Executive Team | |
Jim Quinn | Chief Executive |
Rick van Barneveld | GM, KiwiRail Network |
Thomas Davis | GM, Interislander |
Iain Hill | GM, KiwiRail Freight |
Dr Deborah Hume | GM, KiwiRail Passenger |
Lloyd Major | GM, KiwiRail Mechanical |
Nicola Brown | GM, Human Resources |
Karen Paterson | GM, Legal and Governance |
Graeme Docherty | Chief Information Officer |
David Walsh | Chief Financial Officer |
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